Tag Archives: Financial Year

Subsidiary company can adopt calendar year as its Financial Year for consolidation of accounts

NATIONAL COMPANY LAW TRIBUNAL, BENGALURU BENCH Universal Robots (India) (P.) Ltd., In re RATAKONDA MURALI, JUDICIAL MEMBER AND ASHOK KUMAR MISHRA, TECHNICAL MEMBER T.P. NO. 99 OF 2016 & CA NO. 109/2(41) CB OF 2016 AUGUST  26, 2016 P.R. Sitaram for the Applicant. ORDER The Petition is filed by the Applicant under Section 2(41) of… Read More »

Synchronisation of financial accounting year with calendar year : Govt constituted committee

Synchronisation of financial accounting year with calendar year Government has constituted a Committee to examine the desirability and feasibility of having a new financial year and give its recommendations by 31st December, 2016. The terms of reference (ToR) of the Committee are as under: Examine the merits and demerits of various dates for the commencement… Read More »

Different financial year of Company

Different financial year of Company Query: I have a query my client is following financial year as Nov 2012 to Oct 2013. For complying with sec 2 (41) of companies act 2013, we are revising financial year from Nov 2013 to Dec 2014. We have not passed any BR to that effect till now. I would… Read More »