Calendar of Obligation of a Private
Limited Company
Every Company is required to start the
financial year on 1st April and closed on 31st March.
Based on this following is the calendar of obligation
of a company.
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Hold Annual General Meeting. |
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File 3 Copies of Balance Sheet
and Profit and Loss Account within 30 days of Annual General
Meeting. |
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If Auditors are appointed u/s 224A
of companies Act at Annual General Meeting held on 30th September,
pass special resolution and file Form No.23 by 30th October
for registration of resolution with explanatory statement.
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If new Directors are appointed
at Annual General Meeting held on 30th september, file particulars
of appointment of Directors in Form No.32 by 30th October
with Registrar of Companies. |
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Hold 1st Board Meeting and record
the proceeding of meeting in the Minutes Book. |
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File return of Deposit with Registrar
on or before 30th June every year by NBFC's. |
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File Annual Return within 60 days
from holding AGM. |
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Hold 2nd Board Meeting for financial
year and record the proceeding of meeting in the Minutes Book. |
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If Shares are allotted to new members
on 30th Sept. file a Returns of Allotment in Form No.2 by
30th October. Form No.5 shall also be filed with Registrar
for increase in number of members. |
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If Charge is creaed on assets of
the Company on 31st october, file Form No.8 with Registrar
of Companies by 30th November with instrument of charge. |
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Hold 3rd Board Meeting for financial
year and record the proceeding of meetings in the Minutes
Book. |
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Hold 4th Board Meeting for financial
year by 31st March and record the proceedings of meeting in
the Minutes Book. |
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*
Though there is no compulsion to close the accounts only
on March 31 under the new provision of the Income-Tax Act
which make the financial year as the uniform accounting
year, yet it is convenient because the income tax returns
have to be filed for the year ending 31st March every year. |
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These are the latest date. However, if a shorter period
has been specified, the same ought to be observed. |
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The Board must meet at least once in each quarter. |
