Extension of A/c Period

I Think this can be first year of incorporation. In the first year if there is no trading  transaction in the first three months. Also Capital expenses/preoperative  expenses  will be carried forward and a consolidated balance sheet can be prepared. I dont think there is any other situation where period of accounts can be extended. 

There can also be other cases viz....If a Company changes its Accounting Period as per Companies Act, it can prepare its Accounts for more than 12 months but  not 15 Months.

>>Vipul Garg

Ok. What you mean is in the case of changing accounting period say from year ended 31st Dec to 31st March for the first year of change you have to prepare for 15 months. I think you're right. It makes logical sense.

Nope.. We are wrong..

Take the case at this website https://www.bseindia.com/qresann/news.asp?newsid={78696CEE-E9AF-441F-94E4-C62898D823B2}¶m1=1

Asian Hotels, an operating company has changed its Financial year 2008-09 to 15 months from April 01, 2008 to June 30, 2009 by decision of the Board of Directors

We can extend the accounting period in other cases also- like company wants to buyback of its shares and for that it must have reserves. In this the Roc can demand the books for 15 months instead of 12 months. In such you have to--
 

We can extend the accounting period in other cases also- like company wants to buyback of its shares and for that it must have reserves. In this the Roc can demand the books for 15 months instead of 12 months. In such you have to--