24 December 2011
Is there any penalty , if auditor has not filed Form 23 B with MCA within 30 days of receipt of intimation of his appointment from the company...
In some of the old post this query was answered the post reads as follows.
By:- B Chackrapani Warrier
Non complience filing of form 23B attracts Rs 5000 fine and continuing default attracts Rs 500 fine per day refer to section 629A of The Companies Act 1956
26 December 2011
The section 224 does not prescribes the provision for penalty for defaulting section 224, so the residual penalty section 629A shall be in effect.
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