Skip to content

CS Executive · Company Law and Practice · Annual Report - Concepts

Under Section 395(1)(a), within what time must a State Government cause the annual report to be prepared?

The report must be prepared within the time in Section 394(1), namely within three months of the annual general meeting before which the CAG's comments and the audit report are placed under the proviso to Section 143(6).

  1. AWithin the time specified in Section 394(1), that is three months of the AGM before which the CAG comments and audit report are placedCorrect
  2. BWithin thirty days of the close of the financial year
  3. CWithin six months of the close of the financial year
  4. DWithin three months of the date of the Board meeting approving the accounts

Explanation

Section 395(1)(a) refers to the time specified in Section 394(1). That provides for preparation within three months of the annual general meeting before which the CAG comments and audit report are placed under the proviso to Section 143(6). The other options use periods not in the text.

Did you get it right without looking?

One question tells you little. A timed set on Annual Report - Concepts shows your real accuracy, how long you take and where you lose marks.

Practise Annual Report - ConceptsFree diagnostic mock

More Annual Report - Concepts questions