Revision of form 23ac
This query is : Resolved
21 November 2012
It has came to the notice of the Ministry that few companies have been
filing their annual accounts under section 220 more than once resulting into
filing/availability of more than one such accounts in the Registry for a particular
financial year.
The matter has been examined in the Ministry in detail and it has been
concluded that keeping in view the provisions of section 220 of the Act read with
Ministry’s General Circular 1/2003, a company cannot lay more than one set of
annual accounts for a particular financial year unless it has reopened/revised such
annual accounts after their adoption in the Annual General Meeting on the grounds
specified in Ministry’s circular Number 1/2003.
Accordingly, it is hereby directed that ROCs should keep a watch on such
kinds of repeat filings of annual accounts and such accounts should not be
accepted except in accordance with provisions of section 220 read with Ministry’s
General Circular 1/2003.
filing their annual accounts under section 220 more than once resulting into
filing/availability of more than one such accounts in the Registry for a particular
financial year.
The matter has been examined in the Ministry in detail and it has been
concluded that keeping in view the provisions of section 220 of the Act read with
Ministry’s General Circular 1/2003, a company cannot lay more than one set of
annual accounts for a particular financial year unless it has reopened/revised such
annual accounts after their adoption in the Annual General Meeting on the grounds
specified in Ministry’s circular Number 1/2003.
Accordingly, it is hereby directed that ROCs should keep a watch on such
kinds of repeat filings of annual accounts and such accounts should not be
accepted except in accordance with provisions of section 220 read with Ministry’s
General Circular 1/2003.
21 November 2012
Therefore generally it can not be revised, however, you may file another form 23AC with a statement that earlier figure was mistaken filled in the form which was a clerical mistake and to rectify the same this form is being filed. However, attachement should be the same and balancesheet should not be modified for the same.
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