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Audited bal sheet

This query is : Resolved 

18 June 2015 Sir, can we submit audited balance sheet of a pvt ltd co. to bank for credit facility before it is approved in AGM. whether we can conduct agm in Sept or Oct even though audit is completed now

19 June 2015 You can submit.

You cannot conduct AGM in October, as this will exceed 6 months from close of its accounts i.e. 31st March.

Please refer provision of section 2(41) - Financial year and Section 96(1) AGM.


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