Submission of form 23b

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Pratap (Querist)

24 January 2013 I want to know penalty for non submission of form 23B to registrar by auditor of private company if he only have 5 private company audit

Mitali Agarwal

Mitali Agarwal (Expert)

25 January 2013 The following is the schedule of additional fees payable:-

upto 30 days 2 times the normal fees

> 30 days &
upto 60 days 4 times

>60 days &
upto 90 days 6 times

> 90 days 9 times

The normal fees is according to the authorised share capital of the company.

Pratap

Pratap (Querist)

25 January 2013 I want to know if auditor have only 5 company audit then he is liable for payment of additional fees or not. I heard from someone if auditor have not more than 10 Pvt company audit then he is not required to compulsorily file form 23B

Mitali Agarwal

Mitali Agarwal (Expert)

25 January 2013 In my opinion, form 23B is required to be filed for each and every company as SRN of the same is required for annual filing.

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