Form 23b

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

06 November 2013 What are the consequences of not filing form 23B and late filing of form 23B. Please provide me penal provisions if any

CA.Krupa Mochi

CA.Krupa Mochi (Expert)
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06 November 2013 Filing of 23B is responsibility of Auditor and not Company. As such there is no penalty provision in Company Act, 1956 for late filing/non-filing of 23B.

So if auditor fails to file then he will have to pay additional fees as prescribed by MCA at the time of filing 23B.