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Financial year as per co. act 2013
Dear Experts,
As per the given defination, (41) “financial year”,
and where it has been incorporated
on or after the 1st day of January of a year, the period ending on the 31st day of March
of the following year, in respect whereof financial statement of the company or body
corporate is made up:
My query is what does mean by the Following ? is it next year or current year in which company has formed?
Thanking you,
Regards,
Rachana Daga
Replies (1)
Example of period of financial year:
a) Company incorporated between 1.1.2015 to 31.3.2015: Date of incorporation to 31.3.2016.
b) Company incorporated between 1.4.2015 to 31.12.2015: Date of incorporation to 31.3.2016.
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