Preparation of Financial Statement for a Private Company

As per Section 248(1) of the Companies Act 2016:

1. First Financial Statement - within eighteen months from the date of its incorporation.
2. Subsequent Financial Statement - within six months of its financial year end.

The preparation of Financial Statement is the responsibility of directors of company.

More information :

1. Section 248 Companies Act 2016.
2. FAQ Annual Returns and Financial Reporting.