Failed to conduct audit
This query is : Open
vishnudas vk
(Querist)
10 May 2016
what would be the legal proceedings against a public limited company which is failed to conduct any type of audit for more than 10 years?
SANTOSH SAGAR K
(Expert)
10 May 2016
In that case there is no possibility that corporate secretarial compliance should have been possibly done. penalties as per companies Act would apply.
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CA VISHNU GAVKARE
(Expert)
11 May 2016
Many penalties including disqualification of directors.
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Rupesh Jain
(Expert)
12 May 2016
there is many file and penalty pls contact to consultant for that.
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vishnudas vk
(Querist)
12 May 2016
thank you all
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