If roc permission is required

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Assistant Vice President
67 Points Posted on 27 October 2012

Dear Sirs

We have  incorporated a Rrivate Limited Company on 19 th January 2012.

The Company does not have any operations so far.

We intend to file our 1st Balance Sheet for 15 months as effectively till March 31, 2012, the Company does not have any activity.

Kindly advise if we can make our Balance Sheet for the period from 19th January to March 31, 2013.

Do we need to take a permisiion from ROC for the same??

Request you to kindly share the MCA guidelines in this regard to enable us to do the needful.

Thanks,

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On 27 October 2012 at 09:27 Report
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Chartered Accountant
320 Points Posted on 27 October 2012

AS PER SECTION 210 OF COMPANIES ACT,1956 ACCOUNTING YEAR MAY BE LESS OR MORE THAN 12 MONTHS, BUT IT SHOULD NOT EXCEED 15 MONTHS PERIOD.SO IT DEPENDS UPON BOARD OF DIRECTORS TO DECIDE ON ACCOUNTING YEAR BY PASSING A BOARD RESOLUTION.

THERE IS NO ROC PERMISSION REQUIRED IN YOUR CASE.

BUT FOR THE SAKE OF INCOME TAX ACT,1961 YOU HAVE TO FOLLOW ASSESSMENT YEAR BEGINING  FROM 1ST APRIOL TO 31ST MARCH.

 

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On 27 October 2012 at 12:04
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Assistant Vice President
67 Points Posted on 31 October 2012

Dear All

Can anyone please share the template for the Board Resolution for adoption of Accounting Year more than normal period of 12 months due to insufficient operations.

Regards,

Anurag

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On 31 October 2012 at 12:38

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