Annual return by private limited company.

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

11 October 2017 Dear Experts,

A private Limited Company having paid up share capital of Rs 1Lakhs incorporated in Feb 2017. No Business operations conducted until 31st March 2017 hence no financials prepared for the period ended 31st March 2017.

Is the company required to file annual return for the year ended 31st March 2017

CS Mitesh Mehta

CS Mitesh Mehta (Expert)
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12 October 2017 No.

When company has been incorporated on or after 1st January of a year, the period ending on 31st day of march of the following year shall be the financial year.

In your case company is incorporated on Feb 2017. Hence first Financial Year is 31/03/2018.
You have to hold First AGM on or before 31/12/2018 ( 9 months from the closure of First Financial Year).
Annual return is required to be filed within 60 days from the date of AGM.