Accounting year for Liaison Office

Others 657 views 3 replies

 

I have a client which liaison office is established in India and register with ROC 1st September 2009. There is a requirement of Company Act that liaison office has to filed it's annual account with the ROC in Form 52.

Now the problem is this Annual Account for how much period.

Can we prepare for 12 months / 18 months as case of newly incorporated Indian company.
                          or
i have to close account at 31st March 2010.
                          or
i have to close account 31st December 2009
                          or
i have close account as per principal office.
Replies (3)

Dear Manish

The Liasion Office of your  company should close its annual accounts on 31st March 2010 which is being followed in India.

Is it specified at any where that liaison office should close it's account at 31st March. 

Right now i can't quote the reference for this but closing the accounts on 31st March is general practice in India .


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register