Financial year of a private company

This query is : Resolved

Vikas Mehta (Querist)
Follow

15 February 2015 Dear Experts, there is a private ltd co. which is a subsidiary of a foreign company incorporated outside India. this private ltd company follows Financial Year which ends on 31 st December of every year so as to consolidate its accounts outside India. As per section 2 (41) of companies act, 2013, do you think this company needs to make application to tribunal as it is already following different F. Y. before commencement of new act. further there is a time period of two years given in the definition of Financial Year in new act. whether this time limit is applicable on pvt co. or not.

CS Mitesh Mehta

CS Mitesh Mehta (Expert)
Follow

16 February 2015 Companies should align the financial year to 31 March within two years from 01 April 2014.

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

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Shantaveeresh Manur

AJAY Kumar Agrawal

RATI MALU

ASHOK KUMAR TEKURU

RISHI LATTA

Subscribe Now

Financial year of a private company

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Accountant

GST CONSULTANCY

Manager- Finance and Compliance

Senior Executive

GST CONSULTANT

CA Final