Corporate and Other LawsQuestion 5357 of 221
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6. What is the course of action that XYZ Limited should take for filing of the financial statements with the Registrar with respect to the extra ordinary general meeting held on 2nd December, 2024?

Options

AXYZ Limited should inform the Registrar the fact that the financial statements were not adopted in the adjourned AGM held on 12th September, 2024 and the adopted financial statements will be required to be filed with the Registrar within a period of 30 days from 2nd December, 2024, which will be treated as the financial statements of XYZ Limited for the financial year 2023-2024. CORPORATE AND OTHER LAWS
BXYZ Limited is not required to inform the Registrar the fact that the financial statements were not adopted in the adjourned AGM held on 12thSeptember, 2024; but the adopted financial statements will be required to be filed with the Registrar within a period of 30 days from 2ndDecember, 2024, which will be treated as the financial statements of XYZ Limited for the financial year 2023-2024 and the previously filed un-adopted financial statements, if any, will be treated as provisional financial statements.
CXYZ Limited is not required to inform the Registrar the fact that the financial statements were not adopted in the adjourned AGM held on 12th September, 2024; but the adopted financial statements will be required to be filed with the Registrar within a period of 30 days from 2nd December, 2024, and the previously filed un-adopted financial statements if any, will be returned back to the company.
DXYZ Limited is not required to inform the Registrar the fact that the financial statements were not adopted in the adjourned AGM held on 12th September, 2024; but the adopted financial statements will be required to be filed with the Registrar within a period of 30 days from 2nd December, 2024, which will be treated as the financial statements of XYZ Limited for the financial year 2023-2024 and the previously filed un-adopted financial statements, if any, will be considered as if no financial statements were filed earlier.
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Correct Answer

✅ Option A — XYZ Limited should inform the Registrar the fact that the financial statements were not adopted in the adjourned AGM held on 12th September, 2024 and the adopted financial statements will be required to be filed with the Registrar within a period of 30 days from 2nd December, 2024, which will be treated as the financial statements of XYZ Limited for the financial year 2023-2024. CORPORATE AND OTHER LAWS

All Options:

  • AXYZ Limited should inform the Registrar the fact that the financial statements were not adopted in the adjourned AGM held on 12th September, 2024 and the adopted financial statements will be required to be filed with the Registrar within a period of 30 days from 2nd December, 2024, which will be treated as the financial statements of XYZ Limited for the financial year 2023-2024. CORPORATE AND OTHER LAWS ✓
  • BXYZ Limited is not required to inform the Registrar the fact that the financial statements were not adopted in the adjourned AGM held on 12thSeptember, 2024; but the adopted financial statements will be required to be filed with the Registrar within a period of 30 days from 2ndDecember, 2024, which will be treated as the financial statements of XYZ Limited for the financial year 2023-2024 and the previously filed un-adopted financial statements, if any, will be treated as provisional financial statements.
  • CXYZ Limited is not required to inform the Registrar the fact that the financial statements were not adopted in the adjourned AGM held on 12th September, 2024; but the adopted financial statements will be required to be filed with the Registrar within a period of 30 days from 2nd December, 2024, and the previously filed un-adopted financial statements if any, will be returned back to the company.
  • DXYZ Limited is not required to inform the Registrar the fact that the financial statements were not adopted in the adjourned AGM held on 12th September, 2024; but the adopted financial statements will be required to be filed with the Registrar within a period of 30 days from 2nd December, 2024, which will be treated as the financial statements of XYZ Limited for the financial year 2023-2024 and the previously filed un-adopted financial statements, if any, will be considered as if no financial statements were filed earlier.

Ad

Detailed Solution & Explanation

Under the third proviso to Section 137(1) of the Companies Act, 2013, if the financial statements are adopted at an adjourned AGM or at an extraordinary general meeting (such as the one held on 2nd December, 2024), they must be filed with the Registrar within thirty days of the date of adoption.
Upon filing, they will be treated as the final adopted financial statements of the company.
Thus, XYZ Limited must file the adopted financial statements within 30 days from 2nd December, 2024, which will be treated as the final financial statements of the company for the financial year 2023-2024.
Hence, **Option A** is the correct answer.

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