Go AD-Free with CAclubindia Pro and Daily Mobile Updates. Subscribe Now!

First Year Annual Comapliane

Thuthiyappan (Employee) (23 Points)

19 April 2018

suppose a company incorporated after October in a Financial Year, then that company can able to do the annual compliance on with next annual compliance process. ?

Reply
Follow
Share

3 Replies

Jatin Bajaj (CS) (2930 Points)
Replied 20 April 2018

If the Company is Incorporated in October 2017, then Company has to conduct its first board meeting within 30 days of incorporation for issuing share certificates to subscribers, opening of current bank account, obtaining pan of the Company, ADOPTING common seal of the company if authorized by article, adopting stamps of the COMPANY to approve prilemenary expense of the company, appointment of First auditor of the Company , disclosure to be taken from first directors of the Company etc.

And as the Financial year will close on 31st March 2018, so AGM shall be conducted within 9 months from closure of financial year. So maximum AGM shall have been held on 31st December 2018.

File AOC 4 within 30 days of AGM and MGT 7 within 60 days of AGM.

2 Like