Accounting year`

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dipti t morajkar (Querist)
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22 August 2011 Hi Friends,
Help me on my querry :

one company is incorporated on 13th March 2007, the accounting year suppose to be till 31st March 2008 or 30th June 2008, (in case extended to 15 months) but the directors in board meeting have extended the accounting period till 30th August 2008.

Whether accounting period can be extended in board meeting beyond 15 months? If not what is the procedure to extend the Accounting period?

Annual filing for that perticular year with ROC has done.

Regards,

Dipti Parab.

Dintakurthi Tirumala

Dintakurthi Tirumala (Expert)
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22 August 2011 The accounting year may be extended from 15 to 18 months by getting the priror permission from the Central Government.
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