due to lockdown, newly incorporated company not able to open the bank account within 30 days , but 1st BM was duly conducted, is there any penalty provision for the same ??
pls expalin
2 Replies
Asha Kanta Sharma
(Manager - Finance & Accounts)
(36365 Points)
Replied 10 August 2020
I do not see any penalty for the same.
c.bakshi
(practising company secretary)
(3221 Points)
Replied 10 August 2020
You have to report registered office within period of 30 days. but for commencement of business 180 days from the date of incorporation.
Recent Topics
- Hsn code and rate Ground nuts cake
- Pvt ltd company sale ltcg.
- Auto-population failed on 9th Jan 2025 and showing
- RCM payment Due Date
- 2B ITC reconciliation
- Rent received NRI in lieu displacement due to rede
- Restrictions in ITC
- 27Q Confirmation Notice from IT Department
- GST Registration CANCELLATION a
- Returns date of filling gstr1 3b
Related Threads
Trending Online Classes
-
25 Hours GST Scrutiny of Return and Notice Handling(With Recording)
Industry Expert14 February 2025 -
Survey, Search and Seizure under Income Tax Act 1961
CA Hari Agarwal
CAclubindia
