As per our Incorporation Certificate our company was incorporated during the month of Dec 2009. As our books account would be ready for audit only after june 30, 2010 we have planned to file all the necessary returns including MCA returns during July 2010. However our company secretary is frightening us stating that our first annual returns have to be filed within 18 months from the date of incorporation other wise the registration would be canceled. He is further telling that there is no remedy to it. Can anyone help me with the actual state of provisions in the companies act regarding this issue.
05 May 2010
YOUR COMPANY SECRETARY,S OPINION IS RIGHT. BUT WHEN YOU ARE PLANING TO SUBMIT RETURN DURING JULY 2010. THEN WHAT IS THE PROBLEM? YOU ARE NOT VIOLATING ANY RULE.
CAclubindia
