Annual accounts

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CS Vijay Daxini (Querist)
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10 October 2012 one of our clients Annual Accounts are not ready and we want to do the annual filing ,i have already preapred the statement of reasons for not preapring the accounts...my query is can i enter the amt. as 0 in23ACA, 23AC, 20B, 66...and wil it be approved as Annual Filing Forms are under STP Routes,,, Will it Cause any problem in future?????.

PLEASE REPLY ASAP
THANKS IN ADVANCE

Ajay Mishra

Ajay Mishra (Expert)
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10 October 2012 Hi

If the annual general meeting of a company before which a balance sheet is laid as aforesaid does not adopt the balance sheet, or is adjourned without adopting the balance sheet or, if the annual general meeting of a company for any year has not been held, a statement of that fact and of the reasons therefore shall be annexed to the balance sheet and profit and loss account required to be filed with the Registrar electronically in e-Form 23AC and 3-Form 23ACA— Section 220(2).

Ajay Mishra

Ajay Mishra (Expert)
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10 October 2012
If the Balance sheet is not laid before the annual general meeting but filed with the Registrar, it will not be taken on record:

It has been clarified by the Department that the balance sheets and profit and loss accounts which are not laid before an Annual General Meeting of the company but submitted to Registrar of Companies, for
filing under section 220 of the Act would not be taken on record. The question of launching prosecution in such cases would be considered. [Vide Circular No. 4/74, dated 22-2-1974]

CS Vijay Daxini

CS Vijay Daxini (Querist)
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10 October 2012 Thank you sir, Can u mail me This Circular On my id:vickky9384@yahoo.co.in
As i can not find this circular on mca portal bcz the circular starts fron the year 1984...waiting for u r mail....THANKS IN ADVANCE EXPERT

Ajay Mishra

Ajay Mishra (Expert)
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10 October 2012 Hi

This circular is not available in Internet, so i will arrange a scan copy for you.

CS Vijay Daxini

CS Vijay Daxini (Querist)
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10 October 2012 it would be great help to me... thank you very much sir once again...Waiting for u r scanned copy mail sir....

Ajay Mishra

Ajay Mishra (Expert)
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10 October 2012 Hi

I think, you got the same.

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