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If the company is omitted from the filing of one-year financials to the ROC. What are the consequences?


BALAMURALI UNNITHAN M S

BALAMURALI UNNITHAN M S

CA Inter

2K+

30-Mar-21 00:57

36

Answers (5)

Registrar shall send a notice to the company and all the directors of the company of his intention to remove the name of the company from the register of companies and requesting them to send their representations along with copies of the relevant documents, if any, within a period of 30 days from the date of the notice. [Section 248(1)(C)]


Yagana naga sirisha Kollipaka

Yagana naga sirisha Kollipaka

CA Inter

350

31-Mar-21 10:45

ROC will assume that your business is closed because you have not filled AOC-4 and MGT-7 for continuous period of 2 years so he will send notice stating his intention to strike off your company. After providing reasonable opportunity of being heard, he will strike off your company.


Yagana naga sirisha Kollipaka

Yagana naga sirisha Kollipaka

CA Inter

350

31-Mar-21 10:47

Effect on directors: Continuous failure of 3years no director is eligible for re-appoint as a director in the existing company or in any other company.


Yagana naga sirisha Kollipaka

Yagana naga sirisha Kollipaka

CA Inter

350

31-Mar-21 10:49

In addition, refer Section 137 of the Act.


Sahibdeep Singh

Sahibdeep Singh

Moderator

31-Mar-21 11:23

Thank u sit


BALAMURALI UNNITHAN M S

BALAMURALI UNNITHAN M S

CA Inter

2K+

02-Apr-21 12:49

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