DEVINDER SINGH THAKUR (M.T) (28 Points)
18 March 2014An unlisted public company has not filed its annual accounts/return and didn’t conduct its AGM since 2010 till date. It’s a defaulted company according to ROC.
1. What are its consequences?
2. What are the remedial steps to bring the company on track and how much the penalty will be imposed?
Plz explain.
P C Agrawal
(Registered independent director Past Chairman of Aurangabad Chapter of ICSI Practicing Company Secretary at Aurangabad)
(8229 Points)
Replied 19 March 2014
You are advised to file all returns upto date. Details of fee & additional fee are available on MCA website. Under new Companies Act 2013 (Sec.164/167) directors of such company will vacate their office as director and will not be eligible for appointment as directors.
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