Question regarding 23b, adt-1 & 20b

This query is : Open

Querist : Anonymous

Querist : Anonymous (Querist)

02 January 2015 Hello
My co. got incorporated on 1st March 2013

1st question - when can the first AGM be conducted. (1st date and last date)

2nd question - Are all forms like ADT1, 23B, 20B, 23AC and 23ACA can only be filed after the first AGM.

3rd question - My CA has very recently filed both the forms 23B (with75% waiver on additional fee) and ADT1 with penalties, Were both necessary? since I have read that in previous discussions that form 23B has been discontinued for auditors appointment instead now only ADT1 and 23ACA and 23AC has to be filed.
Pl. answer this query in respect to my co. incorporation date and in respect to that which form has been filed for which year.
Pl. refer to links of previous discussion below.
Link 1: https://www.caclubindia.com/experts/new-form-23b-1791744.asp#.VKfboNKUdps
Link 2:
https://www.caclubindia.com/experts/filing-of-form-23b-1889464.asp#.VKfbONKUdpt

Ganeshbabu K

Ganeshbabu K (Expert)
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02 January 2015 1)You can close your first financial year by 31.03.2014 and Due date of AGM is 31.12.2014
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No need to conduct any AGM in the year of incorporation

2)23B might have been filed with in 30 days of incorporation.As first auditor is required to be appointed by Board of director with in 30 days of incorporation

3)Looks like your auditor is correct.

He might have filed 23B for F.Y. ending 31.03.2014 and ADT-1 for appointment of auditor for F.Y.2014-19

4)You need to file 23AC,ACA,20B once you have finalised financials for year ending 31.03.2014

If you fix 31.12.2014 as due date

You need file 23AC,ACA with in 30 days of AGM

You need to file 20B with in 60 days of AGM

So you still have time to file 23AC,23ACA,20B

Please take enough care and do file forms in due time so that you can avoid additional fee

Querist : Anonymous

Querist : Anonymous (Querist)

02 January 2015 ONCE AGAIN MY CO. INCORPORATE DATE IS 1ST MARCH 2013 (not 1ST MARCH 2014)

Q1 I have been told by my CA that 23B has been filed for my financial year 1st apr 2012-31st march 2013, since the co. got incorporated on 1st march 2013.
and ADT-1 for financial year 1st apr 2013-31march 2018
is it correct ? since i have read that 23B TO ADT-1 change has come hence in late 2013 itself.

Q2 Also if the 23b has been filed for financial 2012 - 2013, does this mean my fiRst fincial year was 1st apr 2012- 31st march 2013 (not 1st march 2013 to 31st march 2014, even though my co. got incorporated only on 1st march 2013).
or does 23b have no relation with closing of books of the financial year.

Q3 again my ca has told that my 1st agm was held in july 2014, but i if say that he closed the books for financial year 2012-2013, that means the 1st agm was supposed to be held before 31st dec 2013 (not 31st dec 2014), since the 1st apr 2013-31st mar 2014 would account as 2nd financial year and not as the 1st one.

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Querist : Anonymous

Querist : Anonymous (Querist)

02 January 2015 The above discussion is still open

Querist : Anonymous

Querist : Anonymous (Querist)

02 January 2015 The above discussion is still open