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Please answer dis question
One company did not carried out any business through out the year.
Company only raised capital and constructed a factory shed and purchase of building and land.
Company did not wanted to prepare P&L or other statements during the year except balance sheet.
Is it correct.State with reasons????
Replies (1)
No. Once a Pvt Ltd company is incorporated, it is under obligation to prepare and file it's P/L and Balance Sheet and Audit Report as per guidelines set out in Company's Act.
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