Originally posted by : Ankur Garg |
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Come on-- 1 April to 31 March is not the only financial year system yaar.
Adoption in the same meeting is possible. In fact almost every small and big company following this. So it is possible yaar. Search yourself and take the help of your books. |
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Ankur Ji,
I know very well that company can adopt financial year otherthan 1st april to 31st march.
thats y i have written the word "IF" in my earlier post of this forum.. please read the same again.
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If company's accounting year is from 1st April 2009 to 31st March 2010, then how the Annual Accounts can be adopted on March 27, 2010? The accounting year will be closed on 31st march 2010.
So, approval of accounts, approval of directors report and approval of auditors report are not possible in BM held on 27th March, 2010 if the accounting year 1st April 2009 to 31st March 2010.