Annual filing due date for newly incorporated co.

If a PVt ltd company is incorporated in 7th March 2018, do it needs to file AOC 4 and MGT 7 for FY 2018. If yes, what will be the due date.
Replies (5)

Yes, You need to file AOC 4 and MGT-7 for FY 2017-18.

Due date for AOC-4 and MGT-7 was 31st Dec'18

As per Section 2(41) of the Companies Act  2013 which defines the term "financial year", states that "Financial year in relation to any company or body corporate, means the period ending on the 31st day of March every year, and where it has been incorporated on or after the 1st day of January of a year, the period ending on the 31st day of March of the following year, in respect whereof financial statement of the company or body corporate is made up........."

 

Hence in your case you have the right to close the A/c by March 31, 2018 or March 31, 2019 since the date of Incrp is March 07, 2018. 

Would like to explain this concept by an example :-

Case 1 :- DOI is 01-12-17

FY will be 2017-18 (01.12.17 to 31.03.18)
Due date will be 31-12-2018

Case 2 :- DOI is 01-12-18

FY will be 2018-19 (01.01.18 to 31.03.19)
Due date will be 31-12-2019

Case 3 :- DOI is 01-04-18

FY will be 2018-19 (01.04.18 to 31.03.19)
Due date will be 31-12-2019

Case 4:- DOI is 01.10.18

FY will be 2018-19 (01.10.18 to 31.03.19)
Due date will be 31-12-2019
no need to file aoc-4 and mgt-7 for financial year 2017-18,
Case 2 :- DOI is 01-01-19

FY will be 2018-19 (01.01.19 to 31.03.19)
Due date will be 31-12-2019

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