https://www.taxtmi.com/caselaws?id=797989 Section 551 of the Companies Act, 1956 requires an Official Liquidator to file annual or final accounts. Audited half-yearly accounts covering each half of a financial year do not substitute for an annual account because consolidation is necessary to present the correct financial position of companies in liquidation. Accordingly, exemption from filing annual or final accounts for financial year 2024-25 was refused despite the filing of audited half-yearly accounts. en-us Wed, 15 Jul 2026 00:00:00 +0530 Tue, 01 Sep 2026 08:26:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=797989 Section 551 of the Companies Act, 1956 requires an Official Liquidator to file annual or final accounts. Audited half-yearly accounts covering each half of a financial year do not substitute for an annual account because consolidation is necessary to present the correct financial position of companies in liquidation. Accordingly, exemption from filing annual or final accounts for financial year 2024-25 was refused despite the filing of audited half-yearly accounts. Case-Laws Companies Law Wed, 15 Jul 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=797989