Change in the financial year of the company

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21 Points Posted on 02 April 2020
Please let me know the procedure for changing the financial year different from the F.Y. usually followed in India. Section 2(41) of the Companies Act 2013
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On 02 April 2020 at 13:57 Report
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This discussion clarifies the process for changing a company's financial year in India, referencing Section 2(41) of the Companies Act 2013 and Rule 40 of the Companies (Incorporation) Rules. It addresses whether altering the Articles of Association (AOA) is necessary, confirming that if the AOA contains a clause about the financial year, it will need to be amended to reflect the change.

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This could be useful

https://www.csdiveshgoyal.info/2019/08/process-of-change-in-financial-year-of.H T M L

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On 02 April 2020 at 15:03
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"Do the Right Thing...!!!"
128157 Points Posted on 02 April 2020
Very useful link Mr Manish...
Thank You for the details...
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On 02 April 2020 at 16:09
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21 Points Posted on 02 April 2020
Thank you . But I still have few doubts .
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On 02 April 2020 at 16:17
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You can ask

 

 

 

 

 

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On 02 April 2020 at 16:54
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21 Points Posted on 02 April 2020
I want to know that it was mentioned in the link that we need to alter the articles of the company for changing the financial yeat .. so i have a doubt that whether there is any clause related to financial year in the AOA of the company
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On 02 April 2020 at 16:57
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Yes, there can be a clause for it.

You may refer Infosys company AOA.

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On 02 April 2020 at 19:10
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21 Points Posted on 02 April 2020
Is it necessary for all the companies to alter their Articles or this step is compulsory for the companies having financial year clause in AOA?
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On 02 April 2020 at 21:17
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Since the financial year would be different from the standard one, hence I think it should be mentioned in the AOA.

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On 03 April 2020 at 12:33
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21 Points Posted on 03 April 2020
Ok... Thank u sir ...
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On 03 April 2020 at 14:28
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62 Points Posted on 08 April 2020
What are the answers being given here....

To know the process to change the Financial year, read Rule 40 of companies (incorporation) Rules.

Financial year is no where been mentioned in AOA.
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On 08 April 2020 at 23:07

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