Financial year as per companies act 2013 cs notes



Posted on 22-03-2016        By ADMIN



 companies act 2013 Financial year as per :

 It has been defined as 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 , 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. [section 2(41) of 2013 Act].

 While there are certain exceptions included, this section mandates a uniform accounting year for all companies and may create significant implementation issues. 



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