18 December 2009
What is the correct procedure to be followed for annual filing of a company?Whether it is possible that financial statements are adopted and audit report are signed on the same date?
19 December 2009
The board of directors and the auditors can sign the balance sheet on the same day. The board will call for an Agm where the accounts are to be adopted by the members. As per law, there has to be a time gap between the same. The notice convening the agm alongwith the directors report, accounts and other details have to be dispatched to the shareholders, clear 21 days before the date of the agm. However, agm can be called by shorter notice by complying with the procedure mentioned for the same. At the agm, members can adopt the accounts. then within 30 days of adoption of the accounts at the agm, the same has to be filed with the ROC (now the MCA website).
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