My company received a notice from the Registrar of Companies (ROC) regarding the delayed filing of Cost Audit Reports for the financial years ending March 31st, 2012, 2013, 2014, and 2015. We’re unsure how to proceed with compounding the offense. Additionally, if we obtain the Cost Audit Reports from our auditor, is it possible to request the ROC to allow us to file them retrospectively? We understand this was an unintentional oversight. Kindly advise on the proper legal procedure and the feasibility of this approach. Thank you.

Apni Law
Apni Law
Law Forum › Category: Corporate › My company received a notice from the Registrar of Companies (ROC) regarding the delayed filing of Cost Audit Reports for the financial years ending March 31st, 2012, 2013, 2014, and 2015. We’re unsure how to proceed with compounding the offense. Additionally, if we obtain the Cost Audit Reports from our auditor, is it possible to request the ROC to allow us to file them retrospectively? We understand this was an unintentional oversight. Kindly advise on the proper legal procedure and the feasibility of this approach. Thank you.
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Apni Law Staff asked 6 months ago

My company received a notice from the Registrar of Companies (ROC) regarding the delayed filing of Cost Audit Reports for the financial years ending March 31st, 2012, 2013, 2014, and 2015. We’re unsure how to proceed with compounding the offense. Additionally, if we obtain the Cost Audit Reports from our auditor, is it possible to request the ROC to allow us to file them retrospectively? We understand this was an unintentional oversight. Kindly advise on the proper legal procedure and the feasibility of this approach. Thank you.

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Best Answer

Apni Law Staff answered 6 months ago

Under the Companies Act, 2013, you can apply for compounding the offense of delayed filing of Cost Audit Reports. Filing retrospective reports might be allowed by the ROC on a case-by-case basis, considering the circumstances and unintentional nature of the delay. You should seek legal advice to understand the specific requirements for compounding and filing retrospective reports.

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