First agm for company incorporated on 19.03.2014

This query is : Resolved

Revati Sathe (Querist)
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13 January 2015 As per new provisions of the Companies act, 2013, first AGM to be held within 9 months from the closer of financial year. is it possible for Directors to approve financial statements at Board meeting on 01st dec. and to conduct first agm on 30.12.2014.

is it allowed to finalize Balance sheet and Profit and Loss account after 6 months from the closer of financial statements.

Pl. reply me urgent and thanks in advance.

CS Mitesh Mehta

CS Mitesh Mehta (Expert)
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13 January 2015 IN CASE OF FIRST AGM IT IS POSSIBLE

Rupesh Jain

Rupesh Jain (Expert)
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13 January 2015 but at present company act your financial year will be from 1.4.20... to 31.3.2.....

other wise you have to take permission from company law board for change to tenure to financial year.

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CS Mitesh Mehta

CS Mitesh Mehta (Expert)
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13 January 2015 dear rupesh,

what revati is asking is approval of accounts for the Financial Year ending 31.03.2014 by directors on december and not change of financial year