section 220
This query is : Resolved
21 February 2011
dear expert
does filing of profit and loss account mandatory, in case of private company, at the time of filing of annaul return & balance sheet to roc.
does filing of profit and loss account mandatory, in case of private company, at the time of filing of annaul return & balance sheet to roc.
22 February 2011
As per Section 220(1)(1), it is mandatory to file the balance sheet and the profit and loss account of the private company. Only benefit avaialable to the private company as per proviso to the above referred section is that the copy of the balance sheet and copy of the profit and loss account shall be filed with the Registrar separately.
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