due to lockdown, newly incorporated company not able to open the bank account within 30 days , but 1st BM was duly conducted, is there any penalty provision for the same ??
pls expalin
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If Bank Account not opened within 30 days
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I do not see any penalty for the same.
You have to report registered office within period of 30 days. but for commencement of business 180 days from the date of incorporation.
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