Balancesheet in First AGM

Save Share

This query is : Resolved

abvvora (Querist)

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?

S.Srinivasaraghavan

S.Srinivasaraghavan (Expert)

01 November 2008 It can be upto 31st March 2008.

Tajoddin

Tajoddin (Expert)

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.

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