- (1.) This application is filed under Sec. 2(41) of Companies Act, 2013 by the petitioner company praying the tribunal to allow the petitioner company to follow calendar year of 2015 commencing from 1st January 2015 and ending with 31st December 2015 as financial year of the company and thereafter every subsequent calendar year commencing from 1st January and ending with 31st December as its financial year. The contents of the petition are briefly stated hereunder that petitioner company is incorporated under the name and style Arisglobal Software Private Limited on 16.4.2004 with Registrar of Companies, Karnataka. The present authorized share capital of the company is Rs. 50,00,000/- divided into 5,00,000 equity shares of Rs. 10/- each. The paid up capital of the company is Rs. 26,68,000/- divided into 2.66.800 equity shares of Rs. 10/- each. The main objects of the company are : "To manufacture, produce, sell, distribute, design, develop, assemble, exchange, convert, service or otherwise deal or handle all types of computers, computer related systems software systems, communications systems and service. To carry on the business of manufacturing, designing, developing, researching, making assembling, purchasing, selling, importing, exporting, or otherwise dealing or handling all types of computer and computer related systems, software systems, communication systems, as well as component, parts, inspection, servicing, of all types of computer related systems, communication systems, software systems and service manufacturing, designing, developing, improving, marketing, selling and licensing software, firmware and programmes of any and all description. The present business of the company is software service provided in IT Industry,
(2.) Petitioner Company is the subsidiary company of the holding company by name Arisglobal Holding LLC. USA registered outside India and is holding 99.96% equity shares in the petitioner company which is its subsidiary.
(3.) Arisglobal Holding LLC. USA is incorporated and registered under the laws of United States of America and its head office is at 401 East Las Olas, Suit 4100, Fort Lauderdate, Florida 33301, USA. The financial year of the company commences on 1st January of a calendar year and ends on 31st December of that Calendar year and therefore the closing date for the financial statements of Arisglobal Holdings, LLC is 31st December is also date of closing for its consolidated financial statements.;