First financial year
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
13 March 2015
Hi,
A Pvt Ltd Company was incorporated on 6th January 2014. What will be the period for which its first financial year.
Is it up to 31.03.2014 or 31.03.2015.
A Pvt Ltd Company was incorporated on 6th January 2014. What will be the period for which its first financial year.
Is it up to 31.03.2014 or 31.03.2015.
13 March 2015
As per section 2(41) of the Companies Act, 2013
“financial year”, in relation to any company or body corporate, means the
period ending on the 31st day of March every year, and where it has been incorporated on or after the 1st day of January of a year, the period ending on the 31st day of March of the following year, in respect whereof financial statement of the company or body corporate is made up:
As per the definition, in your case FY is 31.03.2015
“financial year”, in relation to any company or body corporate, means the
period ending on the 31st day of March every year, and where it has been incorporated on or after the 1st day of January of a year, the period ending on the 31st day of March of the following year, in respect whereof financial statement of the company or body corporate is made up:
As per the definition, in your case FY is 31.03.2015
13 March 2015
6/1/2014 to 31.3.2014 - 1st year
13 March 2015
Seems the view of Sampath Ji is correct since section 2(41) came into force from 1-4-2014.
Querist : Anonymous
Querist :
Anonymous
(Querist)
13 March 2015
Thanks to all of you for quick reply...
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