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Automobile Corp Of Goa Ltd Announces Change in Financial Year

Monday, 21 Jan 2013 06:36am EST 

Automobile Corp Of Goa Ltd announced that in line with the provisions of Companies Bill, 2012 passed by Lok Sabha on December 18, 2012, the Audit Committee of the Board recommended change of financial year from December to March and extension of current accounting year upto March 31, 2013. Accordingly, the Board of Directors of the Company accorded their approval to extend its current accounting! financial year by a period of Three months so as to align the financial year of the Company in terms of Companies Bill, 2012. As such, the current accounting year shall be for a period of 15 months commencing from January 1, 2012 to March 31, 2013. The subsequent accounting years, as such, shall commence from April 1st and end on March 31st thereafter every year. 

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