Submission of form 23b

This query is : Resolved

Pratap (Querist)
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24 January 2013 I want to know penalty for non submission of form 23B to registrar by auditor of private company if he only have 5 private company audit

Mitali Agarwal

Mitali Agarwal (Expert)
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25 January 2013 The following is the schedule of additional fees payable:-

upto 30 days 2 times the normal fees

> 30 days &
upto 60 days 4 times

>60 days &
upto 90 days 6 times

> 90 days 9 times

The normal fees is according to the authorised share capital of the company.

Pratap

Pratap (Querist)
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25 January 2013 I want to know if auditor have only 5 company audit then he is liable for payment of additional fees or not. I heard from someone if auditor have not more than 10 Pvt company audit then he is not required to compulsorily file form 23B

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Mitali Agarwal

Mitali Agarwal (Expert)
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25 January 2013 In my opinion, form 23B is required to be filed for each and every company as SRN of the same is required for annual filing.