Closing books of accounts of small company @18 months

What is the procedure for colsing the books of accounts of private limited company which was incorporated on Feb 2014, for more the 12 months?

Replies (2)

Dear Sundar,

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, 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:

Hence, your company is incorporated after january, 2014, the period ended on the 31st day of march 2015 in respect of which your company financial statements are to be made.

No procedure need to be followed

 

 

Your books can be closed on March 31, 2015. Refer Section 2(41).

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 16 July 2026
Article Assistant

Sahil Agarwal & Company

Mumbai

CA Inter

View Details
Company
23 July 2026
Senior Accountant

Felicity Adobe LLP

Bengaluru

CA Inter

View Details
Company
20 July 2026
Senior GST Executive

Chandak Agarwal & Co

Mumbai

Graduate (Any)

View Details
Company
21 July 2026
Chartered Accountant

Keshri & Associates

Thiruvananthapuram

CA

View Details
Company
ARTICLESHIP 16 July 2026
CA Article

Pipara & Co. LLP.

Mumbai

CA Inter

View Details
Company
16 July 2026
Manager - Finance & Accounts

Aliens Group

Hyderabad

CA Final

View Details
Company
06 July 2026
Accountant

Agarwal Anoop and Associates

Noida

CA Final

View Details
Company
29 July 2026
ACCOUNTANT

ONESTEP GST SOLUTION

New Delhi

B.Com

View Details
Follow