One Company filed Annual Return & Balance Sheet without Knowledge of and without signatures of CS of the Company, what may be consequences?
Menu
Annual return filed without cs sign
Replies (2)
If the company has company secretary ten it is required to sign Annual Return by one director and secretary as per section 161 of the Companies Act, 1956.
If you are not complying the provision of section 159, 160 and section 160 then you will face penality under section 162 of the companies Act, 1956.
Penalty and interpretation: (Section 162)
(1) If a company fails to comply with any of the provisions contained in section 159, 160 or 161, the company, and every officer of the company who is in default, shall be punishable with fine which may extend to fifty rupees for every day during which the default continues.
(2) For the purposes of this section and sections 159, 160, and 161, the expressions" officer" and" director" shall include any person in accordance with whose directions or instructions the Board of directors of the Company is accustomed to act. General provisions regarding registers and returns
Recent Threads
- Poll: Do you spend >30 min/day fixing Tally JSO
- Interest on Accident Claim by Minor
- Capital Gain and Basic Exemption Limit
- Loan to wife and interest income husband income or
- AOC-4 is not being filed
- Returning the shares gifted by daughter?
- Gst tax rate
- Accounting of Govt Grant in aid-Assam Tea Estate
- Utilizing Capital gains in new home construction
- Hi i have some doubt about my microsoft exam?
Related Threads
CAclubindia
