Reopening/revision of annual accounts after their adoption in the annual general meeting.

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..... All Regional Directors All Registrars of Companies Subject:- Reopening/revision of annual accounts after their adoption in the annual general meeting. Sir, Your attention is drawn to the provisions of section 220 of the Companies Act, 1956 which provide for the manner in which annual accounts (viz balance sheet and profit and loss account etc) are laid before annual general meet .....

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..... set of annual accounts for a particular financial year unless it has reopened/revised such annual accounts after their adoption in the Annual General Meeting on the grounds specified in Ministry s circular Number 1/2003. Accordingly, it is hereby directed that ROCs should keep a watch on such kinds of repeat filings of annual accounts and such accounts should not be accepted except in accordanc .....

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