Lavender International Entertainment Inc., headquartered and registered in New York City and a prominent name in lifestyle audio innovations,…
CA Intermediate · Corporate and Other Laws · MTP · September 2024
Lavender International Entertainment Inc., headquartered and registered in New York City and a prominent name in lifestyle audio innovations, professional audio and lighting solutions, and digital transformation, is present in more than seventy countries including India. Due to certain mis-happenings, the company was unable to file its financial statements along with necessary documents for the year 2023 with the Registrar of Companies (in India) within the stipulated time as permitted by the Companies Act, 2013. It is observed that the RoC may, for any special reason and on an application made in writing by Lavender International Entertainment, extend the 'filing time' maximum up to a certain period. From the following options, choose the correct one in this respect:
Suggested Answer and Working Notes:
Correct Answer: Option (C)
'Filing time' in respect of filing of financial statements along with necessary documents by Lavender International Entertainment Inc. can be extended by RoC maximum by three months beyond the stipulated time period.
Topics: Accounts of Companies, Registration of Charges
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