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Date of appointement of 1st auditor and agm

ROUNAK AGARWAL (SMAP ENGINEERING PVT LTD.) (289 Points)

04 November 2012

A PRIVATE LIMITED COMPANY WAS INCORPORATED ON 31/05/2011 , VIDE REGISTRATION NO. 163182 .

The balance sheets had been prepared and is duly signed on 20 august 2012 , no annual general meeting or board meeting was conducted ever since its incorporation .

Kindly guide me , the due date till which AGM should be done and also state the date of appointement of auditor ( widut additional penalty ) and I would have to file 23ac,aca and 20b so what are their due dates and which is appropriate as per the AGM date u suggest mee .

Kindly reply its urgent .

Rounak Agarwal (rounak_9831869709 @ yahoo.co.in)

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ASHISH JAIN (STUDENT) (240 Points)
Replied 04 November 2012

The first auditors are to be appointed within one month of the incorporation of the company and the first auditor so appointed shall hold office until the conclusion of first AGM, that means as per your situation, the auditor must have been appointed till 30th June 2011.

The first AGM can be held within 18 months of the incorporation, i.e. in your situation, its upto 30th Nov, 2012.

For annual filing forms, Form 23AC, 23ACA and 66 should be filed within 30 days of the AGM and 20B should be filed within 60 days of the AGM. So, in ur case, if you opt to hold AGM on 30.11.12, the last date for form 23ac, 23aca and 66 will be 31.12.12 and for 20B, it will be 31.1.13.

Hope it helped.

Thanks.