Within what period must a One Person Company file its duly adopted financial statements with the Registrar under section 137(1) of the Companies Act, 2013?
Question and options
Within what period must a One Person Company file its duly adopted financial statements with the Registrar under section 137(1) of the Companies Act, 2013?
90 days from the close of the calendar year
90 days from the close of the financial year
180 days from the close of the financial year
180 days from the incorporation date
Answer and explanation
The proviso to section 137(1) of the Companies Act, 2013 requires a One Person Company to file its financial statements, adopted by its member, with the Registrar within one hundred and eighty days from the close of the financial year. Other companies file within thirty days of the annual general meeting.
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