Adam.P (Articled Assistant) (39 Points)
13 January 2010What are the contraventions (of related statutes) involved in the following case:
Facts:
1.Mr. X a statutory auditor duly appointed in the AGM held on 30th Sept, 20x7 during FY 20x7-x8 until conclusion of next AGM.
2. Thereafter no audit was under taken due to which the Annual compliances of the Co.'s Act and Income Tax Act could not be met.
Kindly post your valuable views and opinions.
CourseCart.in
(Mentor at SHAYVIDZ Academy)
(3756 Points)
Replied 29 January 2010
if AGM is held
- annual a/c etc must be filed within 30days of the dt of laying the annual a/c at the AGM...
- even if - (a) AGM is adjourned widout adopting the annual a/c or
(b) Annual a/c are not adopted in the AGM
If AGM is not held
- The Annual a/c etc shall be filed within 30days of the last day on which AGM shud have been held.
CAclubindia
