Go AD-Free with CAclubindia Pro and Daily Mobile Updates. Subscribe Now!

Annual returns of Pvt ltd company

akshith (ca) (22 Points)

11 August 2024

If a company incorporated in 2022 but not filed inc 20A till april 24. Does company needs to file Annual returns for FY22-23.

Reply
Follow
Share

1 Replies

Rama chary Rachakonda (Master in Accounts & high court Advocate) (8621 Points)
Replied 12 August 2024

Yes, the company needs to file annual returns for FY 2022-23, even if it hasn't filed INC-20A (Declaration of Commencement of Business) till April 24. As per the Companies Act 2013, every company incorporated in India must file annual returns with the Registrar of Companies (ROC) within 60 days of the closure of the financial year (FY). The due date for filing annual returns for FY 2022-23 is October 29, 2023. However, since the company hasn't filed INC-20A, it may face penalties and restrictions. To resolve this: 1. File INC-20A as soon as possible to declare the commencement of business. 2. File the annual returns (AOC-4 and MGT-7) for FY 2022-23 within the due date or seek an extension. 3. Pay any applicable penalties for the delay in filing INC-20A and annual returns. It's recommended to consult a chartered accountant or company secretary to ensure compliance with the Companies Act and avoid any further complications.

CCI Pro

Recent Topics

More recent discussions | Post

Related Threads

Popular Discussion

Start a New Discussion

CCI Pro

Meet our PRO Members

RAHUL KUMAR GUPTA

PRO MEMBER

Tarun Sharma

PRO MEMBER

Roopak Khore

PRO MEMBER

Gokul Rathi

PRO MEMBER

Dakshinaa Murthhy Rayaprolu

PRO MEMBER

Subscribe to CAclubIndia Pro

Trending Online Classes

One Day Master Class on How to Recover MSME dues without going to Court(without Hard Copy Book)

Manoj Lamba

Enroll Now

25 July 2025
Fake ITC & Penalties under GST Act - Patanjali Ayurveda Case

CA Shruti Singhal

Enroll Now

25 July 2025
Certification Course On Mastering Balance Sheet Audit with AI Tools

CA Deepak Gupta

Enroll Now

25 July 2025

view all classess

Follow us

Subscribe to the latest topics :

Search Forum:

Forum Home

Popular Threads

Recent Posts

Unreplied Threads

Settings