First agm & annual compliances of private limited company

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CA PULKIT GUPTA (Querist)

21 January 2019 Dear all, I have formed a Pvt Ltd. company in the month of December 2016. and after incorporating no business activity was done even PAN no. is not applied.
Now i want to revive this company, please explain the process & penalty i will have to pay.

Charu Srivastava

Charu Srivastava (Expert)

21 January 2019 I draw your attention to section 96(2) which states that
the first annual general meeting, it shall be held within a period of nine months from the date of closing of the first financial year of the company.

Reference to the query under question, the first financial year of the company is 31.03.2017 and the annual general meeting is to held latest by 31.12.2017. In this scenario prepare the Annual Accounts and filed AOC-1 and MGT-7 with the additional fees for both the years of 2017 and 2018.

For fees and additional fees refer to The Companies (Registration offices and Fees) Rules, 2014
https://ebook.mca.gov.in/Childwindow1.aspx?pageid=18204&type=RU&ChildTitle=Chapter%20XXIV%20The%20Companies%20(Registration%20Offices%20and%20Fees)%20Rules,%202014

Prior to all , do apply for PAN. Post which file the forms and bring the compliance of the company in order.

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