Prior period expenses

Dear Vivek,
           Prior period items are income or expenses which arise in the Current period as a result of errors or ommissions in the  preparation of financial statements of one or more periods(AS-5). In the case of this company it has not filed Annual return with ROC for past 3 years&It filed in the current year.It is an error from the part of company.So ROC fee can be treated as PRIOR PERIOD expenses and can be debited to profit&loss account accordingly.

Regards,

VivekPattaje

As per my understanding ROC filing are required when the AGM is being held. FY 2012-13 the AGM will held on September 2013 and filing will be made on October 2013/November 2013 so the filing expenses for AGM held in the month of Septmeber 2013 will become the part of expenses of FY 2013-14.