Gap of AGM more than 15 months

even im interested to know...........coz i cant find any way out of this

Hi.........

after seeing your question i have got a doubt, do the MCA portal accepted those 2 forms i.e., form 23AC and ACA and alos Compliance Certiifcate.

If the AGM is not held within the period specified u/s 166 r.w. 210, every officer in default shall be liable to penalty which may extend to Rs. 50K plus Rs. 2500 for every day of continuing default.  The period of default shall commence from the last date on which the AGM was ought to have been held.

In my opinion, you wait and watch whether ROC commences any proceedings against you. Alternatively, you can pay penalty on your own.

You have an option to revise your annual return

Hi Murli

I want to know whether the company in question is a private or public. If it is a private company you can file the revised 23AC, 23ACA and 20B (Show AGM date as 20th August, 2008 if the AGM is held on paper and not actually held). By this way you can save yourself from the penal provision and fine also. You just need to show an explanation as to why this revised forms are being filed. Just write there is some  unintentional mistake in AGM date, hence the revised forms are being filed.

I hope this solve your problem.

In my opinion you don,t have to do anything..........

Expect a showcause notice at anytime. In case u get any show cause notice from ROC make a compounding application and get the offene be compounded.