Company was incorporated in Nov 2015, after that the company has not opened any bank account and also no annual filing is done till date.
Whether the company has to file all the annual return till date before closing the account and also open the bank account for paying audit fees.
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Pvt Ltd company
Replies (3)
Dear Lokesh,
For closer of Company, First of all you have to file all Annual returns, also as per the Income tax rule expenses above Rs. 10000/- in cash is not allowed. so in my view for payment of fees above Rs. 10000/- the bank account is mandatory.
cant the owner transfer the amount from their account
The company will have to open the bank account to do the annual compliances.
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