https://www.taxtmi.com/caselaws?id=338999 The National Company Law Tribunal (NCLT) granted permission to "BF Precision Private Limited" to change its financial year from 1st April to 31st March to January 1st to December 31st, aligning with its Holding Company's reporting practices for consolidation purposes. This decision, made under the First Proviso of Section 2(41) of the Companies Act, 2013, emphasizes compliance with statutory provisions and international standards for effective accounting practices. The application was disposed of, with the order to be forwarded to the Registrar of Companies for record-keeping. en-us Tue, 07 Feb 2017 00:00:00 +0530 Thu, 16 Feb 2017 16:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=338999 The National Company Law Tribunal (NCLT) granted permission to "BF Precision Private Limited" to change its financial year from 1st April to 31st March to January 1st to December 31st, aligning with its Holding Company's reporting practices for consolidation purposes. This decision, made under the First Proviso of Section 2(41) of the Companies Act, 2013, emphasizes compliance with statutory provisions and international standards for effective accounting practices. The application was disposed of, with the order to be forwarded to the Registrar of Companies for record-keeping. Case-Laws Companies Law Tue, 07 Feb 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=338999