Pradip Shaw & Co (Practice) (227 Points)
25 April 2015Company Incorporated as on 19-03-2013, no acivity till 31.03.2015
My question: First Balance Sheet period 19.03.2013 to 31.03.2014 or from 19.03.2015
in first case ROC filling fees normal+ 12 times penalty, but in 2nd case no penalty.
Again in first case two audited balance sheet means extra audit cost
please suggest
P C Agrawal
(Registered independent director Past Chairman of Aurangabad Chapter of ICSI Practicing Company Secretary at Aurangabad)
(8229 Points)
Replied 25 April 2015
First financial year can end either on 31.3.2013 or on 31.3.2014, but not on 31.3.2015.
Pradip Shaw & Co
(Practice)
(227 Points)
Replied 25 April 2015
Sir, if date of incorporation 19/12/2013 then 1st financial year can end on 31.03.2015 ie 15 monts period. Though company having no business during this period
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