Delay in annual filing for a private limited company

Karthik Mohan Prabhu (Associate) (73 Points)

07 November 2011  

Hi Team,

My client has a Private limited company registed  with 2 directors. The registration date of the company was on 15th febuary 2011. Due to financial and operational complication the company have not yet started operations. 

As of today their main concern is that they have not yet filed the annual returns. I believe the last date for this is already over.  From the date of registration they havent been able to create a bank account or even avail the PAN card on the companies name yet. I would like to know step by step what would you your advise to get things cleared out. Below are the queries.

 

  1. How to go about completing the annual filing now.
  2. Is there any late filing penalties of fees. How badly can this affect the directors and the company.
  3. Operations have not started so revenue is null.
  4. How do we go about availing a PAN card. Would be it creating issues due to the delay caused.
  5. Could somone help me with the list of formalities that the company needs to complete since registration.