default in filing balance sheet


16 March 2010 Our company has not filed Balance sheet for continous period of 5 years. Now we want to voluntarily file a petition with CLB for condonation of delay u/s 621 .

Do we have to file petition for all 5 yrs separately or 1 petition for all 5 yrs would be enough?

16 March 2010 I do not htink there is need to file petition to CLB as when now you will file Returns of all this 5 years you have to pay additional fee for the delay in filing.

SO no need to go for compunding or for filing petition

16 March 2010 You may follow the advise given on your profile as the same was in sync with the above expert advise.

Regards

17 March 2010 Bur sir our company is in the list of defaulters (MCA website)

17 March 2010 Bur sir our company is in the list of defaulters (MCA website)


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