m nagar (articled) (52 Points)
01 August 2012IF A COMPANY HAS PREPARED ITS ANNUAL ACCOUNTS FOR PERIOD OF 15 MONTHS i.e. april-june.. THEN WHETHER IN NEXT FINANCIAL YEAR IT HAS TO FOLLOW THE SAME PROCEDURE OF 15 MONTHS.... OR IT CAN PREPARE ANNUAL ACCOUNTS FOR THE REMAINING 9 MONTS...PLS ANSWER ITS URGENT....????????
CS. DISHA SHAH
(Properitor of D. M. SHAH & CO. COMPANY SECRETARY)
(394 Points)
Replied 01 August 2012
Hello,
you jus go through section 210 , what it says:
"in the case of any subsequent annual general meeting of the company, to the period beginning with the day immediately after the period for which the account was last submitted and ending with a day which shall not precede the day of the meeting by more than six months, or in cases where an extension of time has been granted for holding the meeting under the second proviso to sub-section (1) of section 166, by more than six months and the extension so granted.]"
.
So u have to check your next AGM date n accordingly cmplt the acs as year ended with 31.03. so u have no more confusion n cn mk year April-March.
.
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