Tag Archives: calendar year

Fiscal year to be same as calendar year – Govt of India Wishlist

By | April 28, 2017

Govt. desires fiscal year to be same as calendar year Government is deliberating on a possible change in financial year to January-December from April-March at present and a decision would be taken after a “cost-benefit” analysis, a top finance ministry official said today. Prime Minister Narendra Modi had in the NITI Aayog Governing Council meet… Read More »

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

By | September 7, 2016

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

By | July 19, 2016

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 »