What is the relevant financial year with effect from which the provisions of the new Act relating to maintenance of books of account, preparation, adoption and filing of financial statements (and attachments thereto), Auditor’s report and Board's report will be applicable
Click here to view / answer Share it onSection 2(41) defines the term ‘Financial Year’. Proviso
to the said section empowers Tribunal for allowing any
period as financial Year. The provisions relating to Tribunal
are not notified. What is the recourse.
Dear Member,
My Company was incorporated in Dec. 2018 please guide for the First Annual General Meeting to Be Conduct on or before December 2019 or may latter on
As per Section 94 for First Annual General Meeting conduct on
As per Section Wording first annual general meeting, it shall be held within a period of nine months from the date of closing of the first financial year of the company and in any other case, within a period of six months, from the date of closing of the financial year:
Provided further that if a company holds its first annual general meeting as aforesaid, it shall not be necessary for the company to hold any annual general meeting in the year of its incorporation
And Definition for Financial year ?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
Please Guide for date of Annual General Meeting for My Company is on _____
Can a defaulting company hold AGM for 2 financial year on the same date
In the form mgt-7 ---details of shares transfers since closure date of last financial year, is required to be provided.
Closure of last financial year means 31/03/2018 or does it has other meaning ?
Dear Members,
Kindly let me know where can I find the Deferred Expenditure not written off in the Financials of the Company. This is required for the purpose of calculation of net worth as per 2(57) of the Companies Act, 2013
I request you to explain the concept of Deferred Expenditure not written off.
statement
financial
expenditure
deferred
Can New Director can the financial statements of Previous year for example
If new director oppinted on 10th April 2019 Can he sign the Financial statements of 2018-19
statement
financials
sign
director
Dear All.
Whether signing the financials is mandatory by an whole time director (in case of Pvt ltd)? Relevant section pls.
The Company has 3 directors (MD, whole time director And a Director).
Please share your opinion.
financials
signing
The date on balance sheet and profit and loss account of 1 company, on STANDALONE and CONSOLIDATED can be different?
As per example for a private limited company, on stand alone financial statements is 03/09/2019 and on consolidated financial statement date can be 15/09/2019 or ON BOTH STANDALONE AND FINANCIAL STATEMENT DATE SHOULD BE SAME i.e. 15/09/2019.
Please help me in this regard.
Dear all,
Please guide companies auditor has denied for financials and hasn't audited also. We auditors have been appointed on 1st October, Can company file gnl-1 after due date of AGM i.e. 30.09.2019 and what can be the procedure if we can file form.
Regards
Garima Goel
Dear All,
Can any body provide Format of Auditor's Report on Consolidated Financial Statements for a Private Company, the updated one. As after going through the revised Auditing Standards applicable from the year ended 31.03.2019, the Auditor's Report on Consolidated Financial Statements for a Listed Company is available. What shall be followed for a private company?
Kindly guide.
Regards,
Minu Agarwal
Company Secretary
private
company
statements
financial
report
consolidated
auditors
Dear Professionals,
One of my client company Director got the summon to appear before chief metropolitan magistrate court *from ROC AHMEDABAD* for non filing of annual accounts under sectiom 137.
Does any one has idea how to proceed?
Plz suggest.
REGARDS,
CS AVNI CHOUHAN
