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Failed to conduct audit

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(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?
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SANTOSH SAGAR K

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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

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CA VISHNU GAVKARE (Expert)
11 May 2016 Many penalties including disqualification of directors.
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Rupesh Jain

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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

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vishnudas vk (Querist)
12 May 2016 thank you all
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