Financial year...

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srikanth (Querist)
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22 July 2009 Thank u rajesh...

But as per section 210 of companies Act company can have financial year for a period less or more than calendar year but it shall not exceed 15months.. can u help on this... what is actual interpretation to this.. Pls help on this...

Ankur Garg

Ankur Garg (Expert)
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24 July 2009 No.

But there is one exception.

For example if the incorporation date of the company is May 15, 2008. In that case first financial year would be from May 15, 2008 to March 31, 2009 i.e. a period of 10 Months and 16 days which is less then 12 Months.

Regards

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