What is a Directors’ Resolution to Change Financial Year End?
A Directors’ Resolution to Change Financial Year End is a resolution to be passed by the directors of a company to define a different date for the ending of the company’s Financial Year.
How to create a Directors’ Resolution to Change Financial Year End
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Can the financial year exceed 12 months?
Yes, a financial year can consist of more than 12 months. However, it may not consist of more than 15 months. In special cases with the permission granted from a registrar it can be extended for uptop 18 months.
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