Date of First AGM

Sumit Jaiswal (Company Secretary) (818 Points)

18 February 2011  

A Private Limited Company got incorporated on 14.01.2010. For Income Tax purposes, the balance sheet & PL was prepared for the financial year commencing from 14.01.2010 and ending on 31.03.2010. In the first board meeting the financial year was accordingly decided. What should be the last date for holding the first AGM of the company? Can it hold its first AGM within 18 months of its incorporation? For filing of annual accounts and return  with ROC, can the financial year be considered to start from 14.01.2010 and end on 31.03.2011, inspite of the fact that the balance sheet & PL was prepared for the financial year commencing from 14.01.2010 and ending on 31.03.2010?

Regards

Sumit Jaiswal