Annual returns
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
20 January 2010
A private limited company has filed only annul returns ( i.e.form 20B)for the last 3 years.It has not filed annual accounts ( i.e.form 23AC and form 23ACA )for the last 3 years.What are consequences if only annual returns are filed but not filed annual accounts ?
Ankur Garg
(Expert)
20 January 2010
Hi,
Section 220 has made it mandatory for every company to file annual accounts with ROC. In case of default section 220 (3) is applicable and company and every officer of the company is punishable with fine which may extend to Rs. 500 for every day during which the default continues.
Regards
Section 220 has made it mandatory for every company to file annual accounts with ROC. In case of default section 220 (3) is applicable and company and every officer of the company is punishable with fine which may extend to Rs. 500 for every day during which the default continues.
Regards
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