Due date of holding agm
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
28 March 2016
WHAT WILL BE LAST DATE OF HOLDING AGM OF A COMPANY INCORPORATED ON 14TH OCTOBER 2014?
28 March 2016
Section 96 of the Companies Act, 2013 states that ‘the first’ annual general meeting of a company shall be held within 9 months from the closing of its first financial year.
Querist : Anonymous
Querist :
Anonymous
(Querist)
28 March 2016
WHAT WILL BE FIRST FINANCIAL YEAR FOR THE COMPANY INCORPORATED ON 14TH OCT 2014
28 March 2016
As per the provisions of Companies Act 2013, it clearly states that where a company has been* incorporated after the 1st day January of any year, the period ending on the 31st day of March of the following year shall be the first accounting year* in respect whereof the financial statement of a company or body corporate is made up.
Hence in the given case, the company is required to prepare its first financial statement on 31st March,2015.
Hence in the given case, the company is required to prepare its first financial statement on 31st March,2015.
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