Balance sheet date for Pvt Ltd company

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This discussion clarifies the balance sheet signing date for a Private Limited company. Given an AGM extension to 30th November 2021 for the financial year ending 31st March 2021, the balance sheet can be signed by directors and auditors on or before this date. This allows for the circulation of signed financial statements to shareholders for the AGM.

DIVYESH JAIN

DIVYESH JAIN (Querist)
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29 December 2021 Dear Sir,

I own a Pvt Ltd company where my AGM was held on 30th November, 2021 for Balance sheet of 31.03.2021 as due date of AGM was extended.

My query is what date should I put on the Balance sheet as a signing date.

Please help me in this matter.

Regards,
Divyesh Jain

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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30 December 2021 1: As per Section 137, a Signed Copy of the Financial Statement should be circulated to the Shareholders along with a Notice of the AGM.
2: As per the General Extension order of the ROC, an AGM can be held by the Companies maximum till 30th November 2021.
So, one can opine that:
The Company can hold the Board Meeting for the approval of the Financial Statement on 30th November 2021
The Company can get the signatures on the Financial Statement from the Directors and the Auditor on 30th November 2021
The Company can call an AGM on Shorter Notice on 30th November 2021 and can circulate a signed copy of the financials to the shareholders.

Therefore, one can opine that the financial statement of the Companies can be signed maximum up to 30th November 2021 for the financial year ended 31st March 2021.

DIVYESH JAIN

DIVYESH JAIN (Querist)
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30 December 2021 That means Balance sheet can be signed on 1st November 2021 for AGM to be held on 30th November 2021?

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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30 December 2021 Yes.

DIVYESH JAIN

DIVYESH JAIN (Querist)
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30 December 2021 Thanks a lot Sir.....

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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30 December 2021 My Pleasure...