Very very urgent

Dear Mam,
 
             A  Pvt ltd company was incorporated in aug 2011.
But no operations were carried on till  now and there was no  pan card & bank account.
 
Kindly request you to let know what are the formalities to be fullfiled to start the operations in the company.
 
Now we have applied for pan card and will open the bank account soon.
 
1.No Annuanl General Meeting was held till now ?
 
2.Wht r the returns to be filed and from when ?
 
Thanks
 
 
 
 
Replies (3)

As the Company was formed in Aug-2011 you ought to have made following compliances for the year ended on 31-03-2012 and 31-03-2013 i.e. for 2 years

1. Filing of Annual Accounts with ROC in Form 23AC and 23ACA

2. Filing of Annual Return with ROC

3. Filing of Income Tax Return for A.Y 2012-13 and A.y 2013-14

4. Holding of First Annual General Meeting

Due dates for above compliances have expired. Still you can file these returns with late fees and/or penalties. Consult a CS in this regard.

As far as commencement of busniess is concern, there are no formalities as such. As a Private Ltd. Co. you don't have to wait for commencement of busniess certificate.

 

As the Company was formed in Aug-2011 you ought to have made following compliances for the year ended on 31-03-2012 and 31-03-2013 i.e. for 2 years

1. Filing of Annual Accounts with ROC in Form 23AC and 23ACA

2. Filing of Annual Return with ROC

3. Filing of Income Tax Return for A.Y 2012-13 and A.y 2013-14

4. Holding of First Annual General Meeting

Due dates for above compliances have expired. Still you can file these returns with late fees and/or penalties. Consult a CS in this regard.

As far as commencement of busniess is concern, there are no formalities as such. As a Private Ltd. Co. you don't have to wait for commencement of busniess certificate.

 

 

Do i need to file the Nil Returns as there were no assets and liablities at that time.

As i received the pan card now & even the bank account was opened recently?

 

Thanks

 

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