Become a Govt. Certified GST Practitioner in just 60 hrs. Register Now!

annual return

HEMENDRA SINGH NATHAWAT (Abc) (31 Points)

31 October 2017

what will be first financial year if company is incorporated on 12 January 2017..

Reply
Follow
Share

6 Replies

Ebin Varghese (CS) (186 Points)
Replied 31 October 2017

As per Section 2(41) of Companies Act, 2013 “Financial year” in relation to any company or body corporate means the period ending on 31st day of March every year, and where it has been incorporated on or after the 1st day of January of year, the period ending on the 31st day of the March of the following year, in respect whereof financial statement of company or body corporate is made up.

Upgrade to CAclubindia Pro. Subscribe Now!

HEMENDRA SINGH NATHAWAT (Abc) (31 Points)
Replied 31 October 2017

so that we are not required to file any annual return of ROC...

Ebin Varghese (CS) (186 Points)
Replied 31 October 2017

Your due date of AGM is 31/12/2018. Companies are required to file a copy of the annual return within 60 days from the date on which the annual general meeting is held and copy of annual accounts within 30 days from the conclusion of the AGM