AGM
This query is : Resolved
19 June 2010
Dear my company was incorporated on 1st Janaury 2009 and my CA has prepared balance sheet for first 3 months and 2nd balance sheet from 1st April 2009 to 31st March 2010.
As per section 166 first AGM can be convenied within 18 months from the date of incorporation.
Can be lay both balance sheet in the AGM to be held on 25th June 2010 ?
Regards
Sanjay Srivastava
As per section 166 first AGM can be convenied within 18 months from the date of incorporation.
Can be lay both balance sheet in the AGM to be held on 25th June 2010 ?
Regards
Sanjay Srivastava
21 June 2010
If the accounts are prepared upto a particular period, then the accounts have to be adopted for that period within the time specified under the act.
If the first balance sheet was period for 15 months, then adoption of such balance sheet within was possible.
In your case, since the balance sheet is prepared for three months, it has to be seperately approved within nine months from the end of the financial year.
However, if the balance sheet for first three months is prepared only for income tax purposes, then no need to get it approved by the members.
If the first balance sheet was period for 15 months, then adoption of such balance sheet within was possible.
In your case, since the balance sheet is prepared for three months, it has to be seperately approved within nine months from the end of the financial year.
However, if the balance sheet for first three months is prepared only for income tax purposes, then no need to get it approved by the members.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- TDS Challan - change of FY 2025-26 to TY 2026-27
- Gst registered proprietorship firm
- AUDITOR APPOINTMENT FOR THE YEAR ENDING MARCH 27
- SALARY CAN BE CAPITALIZE
- TDS on Fixed Assets purchased
- TDS on purchase of under construction property from a reseller
- GST Intimation due to Government took possession of Business Premises under PPE Act
- UDIN ISSUE
- Non filing of I T Returns
- How to Handle Active E-Invoices in GST Portal Deleted from Tally?
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Starting trading business
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
