Delay in signing of accounts

Others 348 views 1 replies

As per companies act, accounts should be signed and AGM must be held by 30th September. Accounts could not be completed within date and hence couldnt be signed. What are the penalties prescribed for delay in signing the accounts this year.

Further even the filings are going to be delayed due to this.

Replies (1)

The companies can hold AGM within 31st December 2020, MCA issued a Clarification. Tax audit due date is extended till 31st October by IT Authorities. Accounts are are adopted in AGM. Cross check the information with experts and professionals. 

 


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