Anil (Audit Manager) (44 Points)
21 April 20141. Whether Provisions of Companies Act 2013 are applicable prospectively or retrospectively?
2. Those companies which didn't filed their Annual Returns and Annual Reports for previous years because of various reasons will face prosecution now?( as per new provisions in the Act?)
P C Agrawal
(Registered independent director Past Chairman of Aurangabad Chapter of ICSI Practicing Company Secretary at Aurangabad)
(8229 Points)
Replied 23 April 2014
Query 1: Pl refer notifications and circulars available on MCA website.
Query 2: Yes. You are advised to file the pending returns immediately.
CAclubindia
