Audit of new incorporated company

This query is : Resolved

LAXMAN BHAGWAN KOSHTI (Querist)
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30 November 2012 The company was incorporated in Feb 2012 and had made only incorporation activities and some raw material purchase transactions however no revenue generated by the company.

Now whether we require to make audit report for the FY 2011-12 and file documents with ROC.

OR whether we can made financial statements for the period Feb 12 to March 13.

Kindly reply

CA.Sourabh Sethia

CA.Sourabh Sethia (Expert)
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30 November 2012 audit is compulsorily required under the companies act
so you need to get the audit done.

LAXMAN BHAGWAN KOSHTI

LAXMAN BHAGWAN KOSHTI (Querist)
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30 November 2012 Thanks for the reply..

However as the first agm can be held within 18 months cant we made the financial statements for the period from feb 12 to March 13 and the audit report for the same period can also be made.

Thanks

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