07 January 2010
The company has to file all the pending returns before the ROC. Otherwise ROC will initiate prosecution proceedings against Directors. Even to wind up the company pending returns has to be filed. No other alternative to the issue raised.
I agree with Mr. Chackrapani, file all the returns and annual audited accounts with ROC from the year of incorporation first and then you might need to file the compounding application u/s 621A as the offense u/s. 159, 160, 210, 220 are compoundable.
But first thing is to file all the Returns and the audited accounts with additional fees.
CAclubindia
