Ministry Notification Coming soon
On November 3, 2014, MCA vide a notification[3] has amended the Company Law Board (Fees on Applications and Petitions) Amendment Rules, 2014, wherein the CLB can now take up applications for allowing companies to opt for any period other than April-March as financial year.
Therefore, it seems for the FOCCs that although in the current financial year they may follow the earlier accounting norms, in order to continue with different accounting period effective from F.Y. 15-16, such companies should apply for the requisite order of CLB, way before March 31, 2015
