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Compliance
Company has not complied with below mention provision for last 3 years.
1. No Stat audit
2. No Tax audit.
3 NO ROC compliance.
Balance sheet is not made therefore none of the above are done.
So please suggest me what are the Minimum and maximum Penalty and other monetary/non monetary affects of the same
Also how we reduce such penalties which is could arise due to non compliance.
Replies (2)
If company does not have any business since then, it is better to file an application under Fast Track Exit to close the Company without paying any penalties.
Company is doing their business but not following these compliances.
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