hello friends,
Can a company in India prepare the first financial statement for the first 18months of its incorporation.?????
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Company audit
Replies (2)
Financial year shall not exceed 15 months.It can be extended to 18 months if the registrar grants special permission in this regard.
As per Complement of Richa Financial year can't exceed 15 month but it may be allowed 18 month after permission of ROC
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