Login  |  Register  |  Forgot Password 
Below Login Ad
All Queries |  Resolved Queries |  Today Queries |  Become an expert Ask Query

Please Help: Delay in filing of Form-23B

Posted Date : 03-Nov-2011 , 06:10:29 pm | Posted By: Ashish Sanghi

Category : Corporate Law | Answers : 4| Comments : 2| Hits: 3885

If there is delay in filing of Form-23B by statutory auditor, whether penalty under section-629A will be attracted or in any other section? If penalty is attracted then what is the procedure for payment or ROC will intimate the same.

Answers:
   Answer by: PRIYANKA
I agree with Mr. Unmesh, as normally it is not seen that penalty is levied for non furnishing of form 23B, but, nowadays, as there has come wide changes in functioning of ROC ,Recently it is heard, that notices are sent to some CA Firms from ROC, for giving explaination for using SRN No. Z999999 for filing form Form 23AC, and being asked that why form 23b was not filed by them, so Nowadays it is advisable to file form 23B with ROC ASAP, without delay., And as asked by you, about the penalty procedure, i think that u will get to know about the same, only after u recieve a notice from ROC regarding the same, There is no other way to know about the penalty, as even no time is prescribed for filing the form 23b with ROC till now.
   Answer by: Rambabu Senkarasetti
   Answer by: Rambabu Senkarasetti
   Answer by: Rambabu Senkarasetti
I agree with above answer.
Comments
Posted By : ASHWIN GALA 27-Nov-2011, 12:26:39
1.AS PER SEC. 224(1A) OF THE COMPANIES ACT FORM 23B IS TO BE SUBMITTED BY AUDITOR TO ROC WITHIN 30 DAYS OF RECEIPT OF APPOINTMENT. 2.BUT ROC IS ALLOWING EVEN IF YOU HAVE NOT FILED FORM 23B. 3.IN FACT THERE ARE CASES THAT ONE CA HAS FILED FORM 23B & STATUTORY AUDIT IS CONDUCTED & SIGNED BY OTHER CA & 23AC HAS BEEN FILED. IN E-FILING THERE IS NO CROSS CHECK. 4. LAST WEEK IN A MEETING WITH ROC HE CONFIRMED THE ABOVE FACT.
 
Posted By : Unmesh 03-Nov-2011, 06:40:06
I have never seen any case where penalty for this default being initiated by the ROC, Normally if form 23B could not be filed in time CA's dont file this form and they usually use Z99999999 as default SRN no. in annual filing, although if you want to file this form i will suggest you should file the form and wait for the action from ROC end.
 

Search By Categories

More Categories

Hall of Fame for Queries

Name Pic Queries Rank
Rambabu Senkarasetti 569 11
 
Vaneet Gupta 560 7
 
CA Satuti Mahajan 332 22
 
Ashish Karundia 317 8
 
Rishabh Upadhyay 300 14
 

Search Question:

 
 
www.casansaar.com
...keeps you updated
Home News Articles Forums Members Community Jobs Empanelment Files Matrimonials Students Queries Classifieds Events About us  Top Members Coaching Centres TestimonialsJudiciaryNotifications/CircularsBookseDirectoryWebsiteEmailseDirectory |   Score Board |   Press Release   |   Blood Bank   |   Opinion Poll   |   Feedback |   Advertise us |   Terms & Conditions |   Contact us
Follow Us : Twitter Icon Facebook Icon Orkut Icon Linkedin Icon

CASANSAAR Updates

↑ Grab this Headline Animator

Developed By: CASANSAAR Copyright@casansaar