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    Company Formed After 1st day of January - Is Annual Compliance required ?

    Posted By : SHALU / Published on : 13-Aug-2021 01:06 PM / View : 136 / Comment : 0
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    Dear Members,

    As per Sec 2 (41) of Companies Act, 2013 :

    ''Financial year", in relation to any company or body corporate, means the period ending on the 31st day of March every 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:

    According to above provision if suppose a company is incorporated on 05/01/2021 its year end will be 31/03/2022 and not 31/03/2021.

    So do we need to to have Statutory Audit/Annual compliance for financial year end 31/03/2021 ? or directly for 31/03/2022 ?

    Your help with this would be greatly appreciated.
    Read more on : compliance required annual january formed after company

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