13 July 2009
If one pvt.company has not file any Form 23AC and ACA even Form 20B since its incorporation but company has regularily filed IT return and in that case if that company file 23AC and ACA then penalty will be approx 5,000 per year so how can that company minimise this penalty??
14 July 2009
Additional filing fee u/s 611(2) of the Companies Act,1956 is mandatory.In view of that question of minimizing does not arise since additional fee is fixed depending on the period of delay.
CAclubindia
