22 June 2010
Since the Company doesn't receive approval from ROC for extension of financial year(F.Y) for a period of 18 month so board decided the F.Y. to be 15 months period (April-June). Now this 15 month period should continue for following years also?? And if the company wants to close its F.Y by March then whats the procedure??
Raseshji, since its June and March has passed away and minutes has been prepared for the same which we cant change. So can a resolution be taken in the month of April for the same.
CAclubindia
