CAF-4 · Chapter 25 · Question 19 of 19
If a private limited company has a paid-up capital of Rs. 2 million, what exemption does it enjoy regarding its annual return if there are no changes from the previous year?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: B) It need not file an annual return but must simply inform the registrar that there is no change in particulars (Form C).
Explanation
A private company with paid-up capital not exceeding Rs. 3 million is not required to file an annual return if there's no change in particulars; it just needs to intimate the registrar using the specified form.
More Accounts and annual return MCQs
- Q2While books of accounts must generally be kept at the registered office of the company, who has the authority to decide to keep these…
- Q3Under Section 2(33) of the Companies Act, 2017, which of the following documents is explicitly included in the definition of 'financial…
- Q4Financial statements generally must be audited. However, this requirement is NOT applicable to a private company if its paid-up capital…
- Q5What is the statutory deadline for a listed company to prepare its half-yearly (second quarter) financial statements?
- Q6What is the maximum time allowed for a newly formed company to prepare its very first annual financial statements?