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Penalty for late filing of form 23b

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Querist : Anonymous

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Querist : Anonymous (Querist)
22 September 2012 Hi,

Please tell me what is the penalty or fine for late filing of form 23B to ROC after receiving intimation from company about appointment of auditor.

Please reply ASAP

Thanks
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
22 September 2012 No specific penalty is prescribed in the Co's Act,1956. But penalty u/s 629A can be initiated which the ROC seldom exercises
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CS Ankur Srivastava

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CS Ankur Srivastava (Expert)
22 September 2012 You have to pay additional fee as specified under schedule X of the Act.
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