| Question And Answer | |
|---|---|
| Subject: | Company returns filing |
| Category: | Allied Law |
| Querist: | E P R |
| Answered by: | Law Intern |
| Tags: | Company returns filing |
| Date: | November 23, 2025 |
A company which was closed due to pandemic missed filing it’s returns. Now the company wishes to revive and start to function. How to file the pending ITR and ROC filing. Is there any way to avoid penalty. There were zero transactions in the company bank account since last three years.
Non-filing of annual returns (AOC-4 for financial statements and MGT-7 for annual return) for three years will incurs late fees. There is also a risk of the company being strike-off under Section 248.
You should convene a Board meeting and file the requisite documents immediately.
You should file a petition to the RD u/s 460 for condonation citing the circumstances, zero activity & genuine hardship.
The income-tax returns should also be immediately filed.
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