02 March 2010
The accounts of a private limited for the last 3 years ( 31st March 2007,2008 and 2009)were audited and audit report of the all the three years financial statements were dated 31st January 2010. What are the consequences as to holding of AGM and failure to get accounts audited on due date ?. Can the AGM be held now for considering all the 3 years Balance sheets ?
03 March 2010
Ye, you can held the AGM for all the years but than you have to go for compunding of offence due to non compliance for the 3 years. all AGM can be held on one day provided you have to send seperate notices for all the 3 AGM seperately to members.
However it is advisable to get the date change by Auditor if possible.
CAclubindia
