We have raised Paidup share capital in our Private limited company from X amount to Y amount through Right issue to existing share holders (total 4 shareholders only) who are family member
We missed filling SFT for it and our new CA is saying there is Rs 500 penalty everyday and 1000 per day after 30 days
And we are 400 days late so around 3.85 lac penalty is due
Is there any condolence possible or is there any upper limit to this penalty
CAclubindia
