They have directed all the stakeholders and the directors of the companies to file the annual return, and Consolidated financial statement before the given due date mentioned in The Companies Act, 2013 or the Registration office has notified that they will levy heavy penalty on the companies, i.e. 100 rupees per day.
Nidhi Company is a type of company which is incorporated with the end view of inculcating the habit of saving among the members or shareholders of the company.
It is a company which is registered under Companies Act and attains a license from RBI to carry on business which is similar to banking services, but they are not governed by regulation which is laid down for commercial banks.
Non-banking financial company (NBFC) is a company which is registered under the companies act, 2013 and they also have to attain the license from RBI as explained in section 45-I of Reserve Bank of India Act, 1934.
The problem arises when an unregistered well-known trademark is infringed, as there are no provisions protecting an unregistered trademark under Indian trademark act.
They are liable to pay their individual and own taxes under the IGST Act, Section-14. • Even if you are a non-resident taxpayer then also you do not have to pay the GSTR 3B return.