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    RE-Opening of Accounts

    Posted By : Divyansh / Published on : 04-Oct-2018 10:42 PM / View : 511 / Comment : 1

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    Under what circumstances as stated in the Company Act, a company can re-open its account?
    Read more on : accounts opening

    • Dear Divyansh, 

      Normally Company Cannot Reopen its Accounts Unless an application in this regard by made by central government, income tax authority, SEBI, any other regulatory authority to the effect the relevant earlier accounts were prepared in a fraudulent manner or the affairs of the company were mismanaged during the relevant period, casting a doubt on the reliability of financial statements.

      04-10-2018 / 05:05:08 AM
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