01 November 2008
1) A company incorporated on 05.03.2007. 2) 1st AGM can be held within 18 months from date of incorporation. 3) Is it compulsory to prepare B/s from 05.03.2007 to 31.03.20007? 4) If yes, whether necessary to hold AGM in 2007 itself to adopt the B/s? 5) Can we prepare B/s from 05.03.2007 to 31.03.2008 and hold 1st AGM on 03.09.2008? 6) Can we adopt B/s from 05.03.2007 to 31.03.2007 and 01.04.2007 to 31.03.2008 in 1st AGM to be held on 03.09.2008?
03 November 2008
1. You prepare the b/sheet 05.03.2007 to 31.03.2008 (ROC allowed 15 months of B/sheet, some special cases 18 months) 2. For Income tax purpose has to prepare a. 05.03.2007 to 31.03.2007 b. 01.04.2007 to 31.03.2008 Income tax deportment allows March end B/sheet
Note: First year may problem for preparing the b/sheet (ROC & IT), next years there is no problem.you have to do like that.
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