Filing of Annual Returns with MCA
This query is : Resolved
Srinivasan
(Querist)
05 May 2010
Dear Experts,
As per our Incorporation Certificate our company was incorporated during the month of Dec 2009. As our books account would be ready for audit only after june 30, 2010 we have planned to file all the necessary returns including MCA returns during July 2010. However our company secretary is frightening us stating that our first annual returns have to be filed within 18 months from the date of incorporation other wise the registration would be canceled. He is further telling that there is no remedy to it. Can anyone help me with the actual state of provisions in the companies act regarding this issue.
As per our Incorporation Certificate our company was incorporated during the month of Dec 2009. As our books account would be ready for audit only after june 30, 2010 we have planned to file all the necessary returns including MCA returns during July 2010. However our company secretary is frightening us stating that our first annual returns have to be filed within 18 months from the date of incorporation other wise the registration would be canceled. He is further telling that there is no remedy to it. Can anyone help me with the actual state of provisions in the companies act regarding this issue.
CA Sanat Pyne
(Expert)
05 May 2010
YOUR COMPANY SECRETARY,S OPINION IS RIGHT.
BUT WHEN YOU ARE PLANING TO SUBMIT RETURN DURING JULY 2010. THEN WHAT IS THE PROBLEM?
YOU ARE NOT VIOLATING ANY RULE.
BUT WHEN YOU ARE PLANING TO SUBMIT RETURN DURING JULY 2010. THEN WHAT IS THE PROBLEM?
YOU ARE NOT VIOLATING ANY RULE.
Srinivasan
(Querist)
05 May 2010
Dear Mr. sanatpyne,
the said eighteen month is elapsing During the Mid of May 2010. That is where the question lies.
the said eighteen month is elapsing During the Mid of May 2010. That is where the question lies.
CA Sanat Pyne
(Expert)
05 May 2010
the said eighteen month is elapsing During the Mid of May 2011
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