Closing of Financial YEar

Visalakshi Vinothkumar (AGM - Finance) (24 Points)

07 July 2010  

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