Dear All,
A project based Public Limited Company was incorporated on 27.12.2010 and the Certificate of Incorporation was received. But, somehow a project could not be materialize and the company did not commence its business. Naturally, Statement in Lieu of Prospectus was not filed.
Now, the Company has received a project, the execution of which shall start within 5-6 months and the Company shall comply with the procedure for acquiring Certificate of Commencement of business just before that.
My question is whether, the Company is eligible for the statutory financial audit for FY – 2011-12.
Request you to provide your useful comment.
Regards
Arijit
CAclubindia
