Non-filing of financial statements with roc

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Manager
21 Points Posted on 06 May 2017

Dear Members,

Our One-Person-Company (OPC) was incorporated in FY2016-17, and therefore it is the first year for filing. However, we do not have any profits in FY16-17.

Do we need to file Balance Sheet/Income Statement with ROC or ITR is sufficient?

Would we need an auditor for OPC or director will be enough?

Thank You

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On 06 May 2017 at 22:45 Report
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Finance Professional
258 Points Posted on 08 May 2017
as per section 139 appointment of auditor is required and as per section 136 with in 180 days of closure of fy financial statements 2(40) has to be filed with roc so for ur query balance sheet and p&l soce notes explanatory forming part all is required
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On 08 May 2017 at 12:06
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Finance Professional
258 Points Posted on 08 May 2017
first auditor shall be appointed with in 30 days from date of reg by board of directors if not then with in 90 days by members of company at egm
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On 08 May 2017 at 12:09
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Finance Professional
258 Points Posted on 08 May 2017
penalty for Non filling is per day 1000 upto max 10lakhs
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On 08 May 2017 at 12:10

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