Forms to be filed under the new companies act

Sir,

I think, Your friend can start the business now but first of all they will have to file the annual return, Financial statement and profit and loss account in Form 20B, Form 23AC & Form 23ACA respectively to ROC for FY 13-14 even there is no transactions. 

Thanks for the reply.

The company has not incurred any expenses till date.

It has not issued share capital and also not opened a bank account.

Can we file the financial statements as NIL and file it ?

No Sir you can not file the financial statment as NIL.

You will have to issue the share by opening bank account on behalf of Company and deposit the amount.

Put this amount as share capital and show the cash in financial statement then you can file it.

To add further MGT-14(For taking note of disclosures of intrest by directors in from MBP-1), MGT-14 for adoption of financial statement for the F.Y.13-14, ADT-1 for appointment of statutory auditor.