Balancesheet in First AGM
This query is : Resolved
01 November 2008
1) A company incorporated on 05.03.2007.
2) 1st AGM can be held within 18 months from date of incorporation.
3) Is it compulsory to prepare B/s from 05.03.2007 to 31.03.20007?
4) If yes, whether necessary to hold AGM in 2007 itself to adopt the B/s?
5) Can we prepare B/s from 05.03.2007 to 31.03.2008 and hold 1st AGM on 03.09.2008?
6) Can we adopt B/s from 05.03.2007 to 31.03.2007 and 01.04.2007 to 31.03.2008 in 1st AGM to be held on 03.09.2008?
2) 1st AGM can be held within 18 months from date of incorporation.
3) Is it compulsory to prepare B/s from 05.03.2007 to 31.03.20007?
4) If yes, whether necessary to hold AGM in 2007 itself to adopt the B/s?
5) Can we prepare B/s from 05.03.2007 to 31.03.2008 and hold 1st AGM on 03.09.2008?
6) Can we adopt B/s from 05.03.2007 to 31.03.2007 and 01.04.2007 to 31.03.2008 in 1st AGM to be held on 03.09.2008?
01 November 2008
It can be upto 31st March 2008.
03 November 2008
1. You prepare the b/sheet 05.03.2007 to 31.03.2008 (ROC allowed 15 months of B/sheet, some special cases 18 months)
2. For Income tax purpose has to prepare a. 05.03.2007 to 31.03.2007
b. 01.04.2007 to 31.03.2008
Income tax deportment allows March end B/sheet
Note: First year may problem for preparing the b/sheet (ROC & IT), next years there is no problem.you have to do like that.
2. For Income tax purpose has to prepare a. 05.03.2007 to 31.03.2007
b. 01.04.2007 to 31.03.2008
Income tax deportment allows March end B/sheet
Note: First year may problem for preparing the b/sheet (ROC & IT), next years there is no problem.you have to do like that.
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 on Consultancy- Non DTAA
- Depreciation of fixed assets- coop housing society in mumbai
- Reopen of assessment proceeding
- Is any professional CA is here please reply
- EPF FULL & FINAL RULES IN 2026
- Foreign lottery ticket bought online from India: legality, tax and consequences
- Rental income gst and it purpose
- EXPORT BILL UNDER LUT FREIGHT CHARGE INCLUED IN INVOICE IT LIABLE TO TAX
- Reprocessing of rectification order AY 2025-26
- FTS Taxable under 115A
- Putting a heading on received mail
- 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
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
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
