Party (Student) (134 Points)
17 December 2008Hey guys i have a problem, A client has not filed his annual return since 1999, his is a pvt ltd company in maharashtra. The problem we now face is that some of the audit report dates are of october which does not fulfill the criteria of having AGM withing 6 months ie september and its mandatory to approve the report in AGM.. Can come one help me with a solution? i need some help ASAP
Thanks a lot guys:)
Pavan Jain S
(Chartered Accountant)
(1575 Points)
Replied 18 December 2008
I didnt understood yor query totally..as far as approval of the report at the AGM is concerned, the provisions of the Act require that the Annual Account along with the annexures thereto has to be laid before the AGM. There is no requirement that the annual accounts and the annexures thereto has to be adopted by the members. the Company has to file annual return within 60 days of the date on which AGM was held or ought to have been held.
I can attempt to clarify ur query better, if you be specific.
CAclubindia
