Mca forms to be filed for a new auditor

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In case a of a new auditor taking up audit for private limited company, which forms does he have to file. Note that audit for 31/3/11 has not been completed(or even started due to the negligence of the previous auditor) and the directors have decided to change the auditor. Now, what forms with MCA does the new auditor have to file apart from the following:

1) 23B

2) 23AC and 23ACA

3) 20B

Also, what are the consequences if the audit takes place in January or February 2012? The due dat e for audit was actually 30th Sept, is this correct?

Replies (3)

Mr. Yash,

Forms pointed out by you are correct. And 30th Sept is the date till which u need to file income tax return. and for conducting AGM for adoption of annual accounts of the company. Further i m curtailing my answer to provisions of Companies Act, 1956.

Appoint the auditor and make ur financial statment of previous year and file the annual filing forms with late fees

 

Nidhi

 

Hi Nidhi,

I'm now clear as to which forms to file and the penalty regarding late filig of annual return(20B) and B/s and P/L(23ACA and 23AC) and their penalty.

I now want to know the following:

1) Is there any specifix penalty for late company audit i.e. audit after 30th Sept? Or is the penalty just covered under late filing fees of the above mentioned forms?

2) Since accounts are not audited until 30th Sept, if the AGM was called on 29th Sept 2011 but accounts were not adopted, what is the penalty? What form does the company has to fill for this? I think the company has to iform the registrar regarding the same, correct?

 

No penalty as i am aware and no such reporting is required to ROC.

 

Nidhi

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