Pvt. Co. - Under annual return format of ROC (sch V) we find a statement by directors saying "we certiy that" there it contained a clause that "The company did not have an average turnover of Rs. 10 crores or more during the relevant period" pls explain me about this clause. Ours is a private company and present turnover for the FY 2010-11 exceeded 13 crores how should I do with this clause pls suggest me the actions to be done here:
1. whether can I file annual returns inculding 10 crores turnover clause even though my turnover is 13 crores
2. What are the addditional actions to be taken
3 Are any deemed provisions apply here (like some people said on the previous postings) if it is so pls suggest further actions too
I need to file Annual Returns pls suggest. thank you to all the member here for the valuable support.
CAclubindia
