samruddhi lunawat 16 June 2017

Non holding of agm

I case where books of accounts and all the related documents have been seized by the government departments due to which financial statements for 5 years were not prepared and not filed with ROC.and consequent to that notice under sec 248 is received so how to do compliance?What will be the consequences & remedy

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11 Replies

Law Aspire (Legal) 17 June 2017

Dear Madam

you must reply to the show cause stating about the present situation in the company and what constraints are coming in doing compliance .

samruddhi lunawat 17 June 2017

What will be consequences for non filing like penalties and all

samruddhi lunawat 17 June 2017

What will be consequences for non filing like penalties and all

samruddhi lunawat 17 June 2017

What will be consequences for non filing like penalties and all

Law Aspire (Legal) 17 June 2017

It needs to be addressed by the ROC office
either condonation of delay applications will be filed for that

Geetha Tirandasu (Advocate) 18 June 2017

Sec. 248 of Companies Act, 2013 refers Powers of the Registrar to remove the name of company from the register of Companies. As per the above facts, you have to submit reasonable explanation to the registrar why you have not filed. Before that is your company doing business since 5 years i.e. after seizure of your records or not?

If yes, with the permission of the Registrar you have to submit the accounts with the information whatever available with you.

Regards

Geeta T., LLB, CS, Corporate Advocate

samruddhi lunawat 18 June 2017

As bank accounts are freezes and also books are seized co. Is not having any business since these 5 years

Geetha Tirandasu (Advocate) 18 June 2017

Then why you were not closed the company. Already it is declared as dormant company, so take action to close the company and submit the resolution to the ROC as early as possible.