KRISHNAPRASAD IYER (B.Com , CA Final) (657 Points)
13 February 2015My friend had incorporated a company in Jan 2013 under the Companies Act 1956.
The company has not started business till now and it has not even issued share capital, i.e., it does not have a bank account.
No expenses have been incurred till date.
The company has not filed any forms till date with the MCA.
Kindly advise on what all forms should be filed with the MCA to revive the company and start the business.
Thanks in advance.
Charusheela Taldeokar
(Management Trainee in CS firm_ CS Final)
(396 Points)
Replied 13 February 2015
Sir,
I think, Your friend can start the business now but first of all they will have to file the annual return, Financial statement and profit and loss account in Form 20B, Form 23AC & Form 23ACA respectively to ROC for FY 13-14 even there is no transactions.
KRISHNAPRASAD IYER
(B.Com , CA Final)
(657 Points)
Replied 13 February 2015
Thanks for the reply.
The company has not incurred any expenses till date.
It has not issued share capital and also not opened a bank account.
Can we file the financial statements as NIL and file it ?
Charusheela Taldeokar
(Management Trainee in CS firm_ CS Final)
(396 Points)
Replied 13 February 2015
No Sir you can not file the financial statment as NIL.
You will have to issue the share by opening bank account on behalf of Company and deposit the amount.
Put this amount as share capital and show the cash in financial statement then you can file it.
Vijay Dixit
(Student CS)
(100 Points)
Replied 15 February 2015
To add further MGT-14(For taking note of disclosures of intrest by directors in from MBP-1), MGT-14 for adoption of financial statement for the F.Y.13-14, ADT-1 for appointment of statutory auditor.
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