Can a director of a new company make his company's Profit and Loss, Balance Sheets and all accounting related papers on his own?
Is it mandatory by law to have a CA make them for the pvt ltd company?
If not mandatory by CA s to make these accounting papers can they be submitted online too by the directors of the pvt ltd company?
The company has not done any transactions, does it have to file the profit and loss, balance sheet and returns?
Kindly answer the questions.
Regards
Sofy
Yes I guess.. should not be problem (dont remember any provison restricting to do so.. ) if all other things are in place....!
but lets wait for expert opinion.
Best Regards
Hi,
Yes director can make his company's Profit and Loss, Balance Sheets and all accounting related papers on his own and they can be submittted online.
As company is not involved in any transaction in such case company may forego filing of P & L Account, since there are no income and expenses but it has to file balance sheet.
Thanks & Regards :
Smriti Sharma
B. Samrish & Co.
Company Secretaries
CAclubindia
