Annual accounts ‑ Whether accounts once adopted and passed in annual general meeting can be revised in a subsequent meeting - Companies Law - Letter: No. 3(4)80‑CL‑VI,

Letter: No. 3(4)80 ‑ CL ‑ VI, dated 17 ‑ 8 ‑ 1981 (extracts) addressed to the Registrar of Companies, Bombay. Subject:- Annual accounts ‑ Whether accounts once adopted and passed in annual general meeting can be revised in a subsequent meeting Query: Whether annual accounts once adopted and passed in an annual general meeting can be revised in a subsequent meeting? Answer: The matter relating to revision of accounts already adopted and any amendment in the articles of association containing any provisions to the contrary has since been re‑examined in this Department in consultation with Department of Legal Affairs. The view that has emerged is that the accounts once adopted and passed in an annual general meeting become final and cannot be reopened in subsequent meeting. The special resolution passed empowering the company to amend its accounts also become invalid under the provisions of section 9(b).