Form 23B for appointing Auditor and Penalty for non-filing - Professionals - Legal - TIK Share
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Form 23B for appointing Auditor and Penalty for non-filing


CA Pulkit Sharma

2014-02-04

Every Auditor appointed by a company should intimate ROC within 30 days of receipt of appointment letter.

The normal fees for form 23B to be filed is Rs. 200 for capital upto 100,000. However if delay in filing the form 23B attracts late fee penalty.

The penalty is:

Upto 30days: 2 times the normal fees

From 30 to 60 days : Four times the normal fees

From 60 to 90 days : Six Time the normal Fees

More than 90 Days : Nine times the normal filing fees

However the maximum penalty can not exceed the 10 times of normal fees.

It is compulsory for auditors to file the form 23B, since the SRN of 23B is asked in annual filing forms.