Which month will the company financial year end be?
Ava Robinson
Published Mar 19, 2026
Most Company has their financial year end on the 28th February each year, so their financial year starts on the 1st March of each year. The financial year end date must be set out in the Company’s Notice of Incorporation.
Can a newly incorporated company be closed?
1. To close a company under FTE, one should apply through Form FTE, available in MCA website. On receiving the application, the Registrar would display the name of the company on its website for a period of 30 days, to give notice to anyone who may have objection to the striking off the name of the company.
When can you extend a company year end?
You can shorten your company’s financial year as many times as you like – the minimum period you can shorten it by is 1 day. You can lengthen your company’s financial year: to a maximum of 18 months, or longer if your company’s in administration. once every 5 years.
How are companies dissolved?
To dissolve a company, which is also known as ‘dissolution’ or ‘striking off’, is a way of closing down a limited company by removing its name from the official register held at Companies House. Once the name is removed from the register, the company no longer legally exists.
February
Most Company has their financial year end on the 28th February each year, so their financial year starts on the 1st March of each year. The financial year end date must be set out in the Company’s Notice of Incorporation.
Which assessment year is this?
AY and FY for recent years
| Period | Financial Year | Assessment Year |
|---|---|---|
| 1 April 2020 to 31 March 2021 | 2020-21 | 2021-22 |
| 1 April 2019 to 31 March 2020 | 2019-20 | 2020-21 |
| 1 April 2018 to 31 March 2019 | 2018-19 | 2019-20 |
| 1 April 2017 to 31 March 2018 | 2017-18 | 2018-19 |
When does the first financial year of a newly incorporated company start?
In view of the above, the first financial year of any newly incorporated company or body corporate shall be- i) if the company is incorporated before the 1st day of January of a year- financial year shall be started from the date of incorporation and ending on 31 st day of March every year.
When was the first AGM of a newly incorporated company?
Financial year and First Annual General Meeting (AGM) of newly incorporated Company. Under the Companies Act, 1956 (‘Old Act’), it was open to the Companies to determine any period as their financial year (for example- 1st April to 31st March or 01st January to 31st December).
When is the first general meeting of a newly incorporated company?
This means, for a company incorporated on 1st day of January 2020, the first financial year shall be closed on 31st day of March 2021 and Annual General Meeting should be convened on or before 31st day of December 2021.
When did beta Corporation become a C corporation?
Beta Corporation incorporates on February 21, 2000, and pays only the Secretary of State filing fee. Beta selected a calendar year end. When Beta files its first return for the short income year of February 21 to December 31, it shows that the corporation operated at a $3,000 loss.
