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CA Intermediate · Corporate and Other Laws · Accounts of Companies

Anand Motors Ltd, an unlisted public company, held its AGM on 25 September to adopt financial statements for the year ended 31 March. The company wants to file the statements with the Registrar. Which statement states the correct filing rule?

A company must file its adopted financial statements, with the required annexures, with the Registrar within thirty days of the AGM at which they were adopted, along with the prescribed fee. The deadline runs from the AGM date, not from the board meeting, and no turnover threshold applies.

  1. AWithin thirty days of the AGM, the company must file the financial statements with the Registrar with the prescribed feeCorrect
  2. BWithin one year of the AGM, the company must file the financial statements
  3. CWithin seven days of the board meeting approving them
  4. DFiling is required only if the company has a turnover above ₹100 crore

Explanation

A copy of the financial statements, with all documents required to be annexed, must be filed with the Registrar within thirty days of the date of the AGM at which they were adopted, with the prescribed fee. Option B stretches the period. Option C uses a board meeting date instead of the AGM. Option D adds a turnover condition which does not apply.

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