Board minutes for changing the f.y
This query is : Resolved
11 September 2014
Sir,
My company is following the F.Y June -July, to comply with the sec 2 (17), we are planning to change the F.Y to April to March. Could you please suggest a board minutes for the purpose
My company is following the F.Y June -July, to comply with the sec 2 (17), we are planning to change the F.Y to April to March. Could you please suggest a board minutes for the purpose
11 September 2014
"RESOLVED pursuant to provisions of Section 2(41)of the Companies Act, 2013 the financial year of the company be changed to the period from 30th June 2013 - 31st July 2014 to 1st April 2013 to 31st March 2014 both days inclusive, and that subsequent 'financial year' of the company be changed to a period beginning from 1st day of April of one year and concluding on 31st Day of March of the subsequent year."
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11 September 2014
"RESOLVED that pursuant to provisions of Section 2(41)of the Companies Act, 2013 the financial year of the company be changed to the period from 30th June 2013 - 31st July 2014 to 1st April 2013 to 31st March 2014 both days inclusive, and that subsequent 'financial year' of the company be changed to a period beginning from 1st day of April of one year and concluding on 31st Day of March of the subsequent year."
11 September 2014
Does it be different if my company is a foreign subsidiary? Do i have to change my F.Y to April to March?
11 September 2014
On an application made by a company or body corporate, which is a holding company or a subsidiary of a company incorporated outside India and is required to follow a different financial year for consolidation of its accounts outside India, the Tribunal may, if it is satisfied, allow any period as its financial year, whether or not that period is a year
11 September 2014
So , i Have to make an application to the tribunal , even if am an existing company following F.Y july to June
11 September 2014
The National Company Law Tribunal (NCLT), which would replace the Company Law Board, is not operational yet.
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