IN RE Vs. ARIS GLOBAL SOFTWARE PRIVATE LIMITED

JUDGEMENT

(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.

(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.