Notification for Change of Financial Year of a Company

Guidelines on notification

1. Notification for change of financial year may be applicable if the company has lodged accounts previously.

2. A newly incorporated company cannot lodge any change in its financial year as it has not lodged any accounts.

3. A subsidiary company is required under the law to change its financial year to coincide with that of its holding company. The application has to be made online via BizFile under the heading “Local Company”, followed by “Applications under the Companies Act” and “Application for a Subsidiary of Holding Company to have a different financial year”.

4. A notification to change financial year to a period of more than 24 months from the start date of the financial year will not be allowed.

5. No fee is payable for notification for change of financial year.

6. A company which has changed its financial year must notify us of the change before making an application for Extension of Time under section 175 or section 201 of the Companies Act.