<h1>Ministry Warns Companies Against Multiple Annual Account Filings; Compliance Required u/s 220, Companies Act, 1956.</h1> The Ministry of Corporate Affairs has addressed the issue of companies filing multiple sets of annual accounts for the same financial year, which contravenes section 220 of the Companies Act, 1956. Companies are reminded that they can only reopen or revise accounts after adoption at the annual general meeting under specific conditions outlined in General Circular 1/2003. The Ministry directs Registrars of Companies to monitor and reject repeat filings unless they comply with these provisions. The circular clarifies that accounts may be revised to meet technical legal requirements and must be adopted in subsequent meetings and filed accordingly.