FILING OF ANNUAL RETURN, BALANCE SHEET, ETC. BY COMPANIES

FILING OF ANNUAL RETURN, BALANCE SHEET, ETC. BY COMPANIES

Shri Salman Khurshid, Minister of Corporate Affairs, has said that under the Companies Act,1956, it is mandatory for all companies to submit annual return, balance-sheet, etc. to the Government. Giving this information in written reply to a question in the  Rajya Sabha, Shri Khurshid informed the House that during last 3 years (2006-07, 2007-08 and 2008-09) the number  of companies that have not filed their Balance Sheet is as follows:

·         2006-07: 2,19,952

·         2007-08: 2,55,587

·         2008-09 3,06,547

            As per this information the number of companies which have not filed their Annual Return for the last three years is as follows:

·         2006-07: 2,21,109

·         2007-08: 2,59,454

·         2008-09 3,08,472

            Shri Khurshid informed the Rajya Sabha that in case of default, the Registrar of Companies issues show cause notices and prosecutions are filed against such companies and their directors. – www.pib.com