04 February 2015
There are four directors in a Pvt ltd compay . Last AGM was held in 2010. Company is still carrying on business.
Please inform the consequences in relation to 1. Company still carrying on business – is it legal? And explain the position with respect to 2.Validity of functioning of directors 3.Appointment of auditors 4.Filing of forms/returns 5.Fines and penalties and last but not least 6.Remedial measures
19 February 2015
Yes, The legality is not wiped out the company is still a legal entity and can do business operations
however, you have to file all the annual returns of the company at their respective back dates and have to pay additional fees which may vary on the authorized capital of the company
CAclubindia
