Queries regarding CCFS

[Advocate Rashi Gupta]

Hello Group Members,

I have a few queries regarding CFS Scheme. A company has not performed any annual compliances since incorporation in the year 2020. So how can we regularize these non- compliances? Specific questions are-

1. How will the auditor appointment be done? Do we appoint first auditor in Board Meeting, and then subsequent auditor for 5 years in AGM?

2. Do we have to show Annual General Meetings for those financial years? Because the financial statements were not made at that time, so there is no point of holding AGM at a back date?

3. Can we approve the financial statements for all the financial years in a single AGM of a current date?

4. Can we also appoint auditor for all the previous years at a current date?

It will be really helpful if someone could guide me here. If you have any other points to be noted, that I may have skipped, please let me know.

Thank you,

Rashi

[Vinod Kumar Agarwal]

The compliances to be carried out depends on the status of the Company, regarding operations/revenue since incorporation

V K Agarwal

98101 94149

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[Arun Kumar Maitra]

All arrear returns are to be filed with additional fees.

File GNL-1 to seek CG approval to appoint the statutory auditor.

Thereafter,hold EGM to appoint the auditor for five consecutive years and hold AGM to approve the pending annual financial statements and then file the arrear returns.

CA CS Arun Kumar Maitra 

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