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Financial year

Shraya (Practicing Company Secretary) (176 Points)

08 December 2014

Dear All,

Financial year of a Company is 21/02/2013 to 31/03/2014 (as the Company is registered on 21-02-2013).
My question is, what would be previous FY in this case while filling Form 23 AC-23ACA?

Thanks in advance

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3 Replies

Ankit (Student) (661 Points)
Replied 08 December 2014

It will be NA, since co was not in existence at that time. So No company, No FY.

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P C Agrawal (Registered independent director Past Chairman of Aurangabad Chapter of ICSI Practicing Company Secretary at Aurangabad) (8229 Points)
Replied 08 December 2014

It will be from 21/2/2013 to 31/3/2014.

Pankaj (Chartered Accountant) (118 Points)
Replied 09 December 2014

Dear Ms. Shraya,

There should be ideally two financial PERIODS first from 21/02/2013 to 31/03/2013 and second from 01/04/2013 to 31/03/2014.

If the company has considered its first financial period for 13 months and 8 days as per Section 210 of the CA, 1956, then the period should be as rightly said by Agrawal sir i.e. from 21/02/2013 to 31/03/2014.