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Forget to file CARO in public company

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shivani

student

115 Points Posted on 16 October 2023

Hello all

assessee(unlisted public company) has forgot to comply with CARO 2020 for FY 2020-21. also in AOC 04, CS has chosen "no" option under "applicability of CARO" clause.

do we need to file revised AOC 04? is there any late fees or penalty regarding this?

please give the appropriate solution.

Replies (3)

Quick Summary

An unlisted public company has missed the deadline for CARO 2020 compliance for FY 2020-21, incorrectly marking 'no' for CARO applicability in AOC-04. The discussion explores whether a revised AOC-04 is necessary and the potential for late fees or penalties. Advice suggests revisions might be limited to MGT-7/7A forms, with AOC-4 requiring ROC deactivation and re-filing.

Radhey Shyam Jha

Student

1628 Points Posted on 17 October 2023

Hey, I think you can only do the revision in Form MGT-7 and MGT-7A...
You cannot revise AOC-4/AOC-4 (CFS) but it can only be deactivated/cancelled by the respective ROC on an application by the Company and fresh filling of such form is then allowed by the registrar.