Save Rs 588 on a 2-Year Ad-Free CAclubindia Pro Membership. Subscribe Now!

annual filing

Save Share

This query is : Resolved

NAVNEET PRAKASH (Querist)
Follow

18 December 2009 What is the correct procedure to be followed for annual filing of a company?Whether it is possible that financial statements are adopted and audit report are signed on the same date?

Rasesh

Rasesh (Expert)
Follow

19 December 2009 The board of directors and the auditors can sign the balance sheet on the same day. The board will call for an Agm where the accounts are to be adopted by the members. As per law, there has to be a time gap between the same. The notice convening the agm alongwith the directors report, accounts and other details have to be dispatched to the shareholders, clear 21 days before the date of the agm. However, agm can be called by shorter notice by complying with the procedure mentioned for the same. At the agm, members can adopt the accounts.
then within 30 days of adoption of the accounts at the agm, the same has to be filed with the ROC (now the MCA website).

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now