wat r the closing dates of books for newly incorporated companies? pls tel me.........
Closing of books of a newly incorporated co.
CMA Vamsi Krishna (CA Final Student) (111 Points)
18 October 2011
4 Replies
Rahul
(Chartered Accountnat CS)
(1580 Points)
Replied 18 October 2011
As per sec 210 accounts are to b prepared for a period of 15 months or less. Such time can be extended br Roc by 3 nths
Sweety Rai
(Nil)
(61 Points)
Replied 19 October 2011
AS PER MY VIEW THE CLOSING DATE FOR NEWLY INCORPORATED CO. IS END OF THE FINANCIAL YEAR.
CA VISHAL RANA,CS,B.Com,AMFI
(Chartered Accountant in Whole Time Practice)
(4354 Points)
Replied 21 October 2011
IT DEPENDS ON THE FINANCIAL YEAR PERIOD ADOPTED BY THE COMPANY IN RESOLUTION IN BOARD MEETING
Shridhi Jain
(Company Secretary)
(1678 Points)
Replied 21 October 2011
Closing date can be 31st March, 31st June, 31st sept, 31 dec. etc... or any other date provided, the AGM should be held with in 18 months and the date on which you close your books shall be your financial year for future also.
In future, if you want, you can change the financial year by three months by passing a Board Resolution.
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