Companies Act 1956 & Companies Act 2013

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This discussion clarifies the rules for the period covered by a company's profit and loss account under the Companies Act 1956. It specifically addresses Section 210(3) and its stipulations for the first and subsequent annual general meetings. The query confirms that a similar provision exists under Section 96 of the Companies Act 2013.

abhijit majumder

abhijit majumder (Querist)
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21 November 2023 To The respected experts
Section 210(3) of Companies act 1956 states:
The profit and loss account shall relate-
(a) in the case of the first annual general meeting of the company, to the period beginning with the incorporation of the company and ending with a day which shall not precede the day of the meeting by more than nine months; and
(b) 1 in the case of any subsequent annual general meeting of the company, to the period beginning with the day immediately after the period for which the account was last submitted and ending with a day which shall not precede the day of the meeting by more than six months, or in cases where an extension of time has been granted for holding the meeting under the second proviso to subsection (1) of section 166, by more than six months and the extension so granted.]
My query is: Is there any exactly similar provision under Companies Act 2013?

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Abhijit