Closing of Financial YEar

Hi,

A financial year as per companies act may be lesser than 12 months. I would like to know if in case of existing company (not being the first year of incorporation), can the accounts be closed within 12 months (say 6 months or 9 months)?

If yes, what would be the procedures in this regard?

Thanks in advance

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Visalakshi Vinothkumar

Sagar Zankhariya

I thing when a company first year incorporation than only financial year period less than 12 months after that there is period of 12 month. There is no any procedure for existing company to closed account period within 12 months.

whether any business transaction carry on or not.

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