ROC Return

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varun gupta (Querist)
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25 April 2008 Does ROC Annual Return need to be audited for a Private Ltd co. or not if its financial yr is from Jan to Dec?

CA. Dashrath Maheshwari

CA. Dashrath Maheshwari (Expert)
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25 April 2008 Every company should have a statutory auditor and therefore your also should have.
No matter that this is a pvt ltd., and no matter that its financial year is Jan to Dec.

R.V.RAO

R.V.RAO (Expert)
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26 April 2008 the annual return of a pvt.ltd.CO.
(SCH V) to be filed in roc need not be audited.
in case of a listed public ltd. co ,the same needs to be countersigned by a practicing co. secy.
R.V.RAO

varun gupta

varun gupta (Querist)
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26 April 2008 So, I need to get my A/cs audited only for IT purpose for year ending March and not for ROC purpose where my financial yr is ending in Dec.Is it so?

R.V.RAO

R.V.RAO (Expert)
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05 May 2008 WHEN THE FIN. YEAR IS JAN TO DEC.YOU HAVE TO FILE TAX AUDIT REPORT(SUBJECT TO TURNOVER) BESIDES FILING IT RETURN BEFORE THE DUE DATE FOR FILING IT RETURN.
IT IS NOT NECESSARY TO GET AUDITED ACCOUNTS FOR IT PURPOSE.
BUT IF THE AUDITED ACCOUNTS VARY FROM THE UNAUDITED ACCOUNTS (WHICH YOU HAVE ALREADY FILED IF ANY),THEN REVISED IT RETURN MUST BE FILED.
BUT ACCOUNTS UNDER CO. LAW MUST CLOSE IN MARCH EVERY YEAR AND WITHIN 6 MONTHS OF FIN. YEAR END, SHAREHOLDERS MUST APPROVE THE AUDITED ACCOUNTS UNLESS ROC EXTENDS THE DATE BY 3 MORE MONTHS.
R.V.RAO

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