Financial year
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
14 March 2012
How many times can a company keep on changing its financial year from 12 months to 15 months
pls advice
pls advice
Ajay Mishra
(Expert)
14 March 2012
Hi
Section 210(4) provides that a financial year may be less or more than a calendar year, but it shall not be exceed 15 months. The financial year may extended to eighteen months, where special permission has been granted in this connection by the concerned ROC.
So, if ROC granted permission then you can do so.
Regards
Section 210(4) provides that a financial year may be less or more than a calendar year, but it shall not be exceed 15 months. The financial year may extended to eighteen months, where special permission has been granted in this connection by the concerned ROC.
So, if ROC granted permission then you can do so.
Regards
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