Roc filing
This query is : Resolved
27 August 2019
Hello Sir, I urgently required ur advice. our company was formed in 2016 & thereafter no annual return compliance was done. As a result of such failure Rs 160000 fine is imposed on company. my que is can we do annual compliance for FY 16-17 & 17-18 now without paying fine. because we are in short of such huge money as on date & to stop Rs 200 per day fine can we do so...??? or fine is required to be paid before filing. Pls Advice
CS Peer mehboob
(Expert)
28 August 2019
Penalty has to be paid. However, you may go for compounding of offence, NCLT may in its discretion reduce the penal amount.
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