23 December 2013
I have one query relating to Revising / reopening of Accounts after their adoption in AGM if you can help me out than I will be thankful to you.
If the Company has adopted its audited accounts for the year ended 2011-12 in AGM held on September, 2012 & also filed Form 23AC & 23ACA (XBRL) but there is material error in the accounts which was noticed by the new auditor who has been appointed in the AGM held on 30/09/2013.Now Company wants to revise its accounts for the year ended 2011-12 & which can be done as per MCA Circular No.1/2003 dated 13th January, 2003 & MCA Circular No.5/2010 (attached herewith for your reference), but form 23AC & 23ACA can not be revised. So, can we submit the physical copy of balance sheet & profit & loss account along with covering letter stating that the revised balance sheet has been adopted in extra ordinary general meeting by the members as per the aforesaid circular ? or we can not revised the accounts ?
Your early reply on this will be highly appreciated.
CAclubindia
