Date of filing of balance sheet and profit and loss accounts of companies with the Registrar of Companies in view of change in section 3 of the Income‑tax Act - Companies Law - Circular: No. 3/31/92‑CL-V,

Circular: No. 3/31/92 ‑ CL-V, dated 22 ‑ 9 ‑ 1992. Subject:- Date of filing of balance sheet and profit and loss accounts of companies with the Registrar of Companies in view of change in section 3 of the Income ‑ tax Act In terms of the Income‑tax Act, 1961, it is mandatory for companies to follow uniform accounting year, i.e., ending 31st March. Section 210(3) of the Companies Act requires that accounts of the companies should be prepared and audited within six months and laid before the annual general meeting for adoption and section 220 of the Companies Act requires that copies of balance‑sheet and profit and loss accounts along with directors report and auditors report should be filed within 30 days with the Registrar of Companies. In view of the above, companies are advised to file their accounts latest by 31st October, 1992.