Non filled annual return of 3 years

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Ankit sehra (Querist)
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16 January 2014 Dear Experts ,

One of our Client is not filled his annual return & never done auditing from last 3 years.i.e 2012-13,2011-12,2010-11.

He has never done any business in this company & not for a single Rs.

Now he got a notice from roc & wants to clear this matter.

we needed your help how to suggest him to move further.
Please Help
Thanks In Advance
Ankit Sehra

AVTAR SINGH

AVTAR SINGH (Expert)
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16 January 2014 Get the accounts audited and file Form 23AC, 23ACA, 20B and 23B with additional fee.

Ankit sehra

Ankit sehra (Querist)
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17 January 2014 Dear Expert,

What would be the penalty for non audit on the company of the last 3 years?

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AVTAR SINGH

AVTAR SINGH (Expert)
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17 January 2014 For the Delay upto 30 days : Penalty is Two times of normal fee.

For Delay of More than 30 days and upto 60 days : Panalty is Four times of normal fee.

For Delay of More than 60 days and upto 90 days : Penalty is Six times of normal filing fee.

And Finally if Delay is for More than 90 days : Penalty is Nine times of normal filing fees.

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Ankit sehra

Ankit sehra (Querist)
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17 January 2014 Thanks for your Reply

What would be the other consequences for eg no AGM, no Board meetings nothing has been done in the company. What could be the penalties for non compliance under companies ACT?

Thanks

AVTAR SINGH

AVTAR SINGH (Expert)
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17 January 2014 Ankit, you ask your client regarding AGM and board meetings. Since ROC is not informed about this you confirm from client. If held, you simply file the forms mentioning the dates of AGM.