Section 27: The financial year end of a company

Section 27

The financial year end of a company is set out in the company’s Notice of Incorporation. The financial year end of a company may be changed by the Board of Directors at any time by filing Form CoR25 with the Registrar of Companies. However:

• the financial year end may only be changed once during any financial year;
• the new financial year end must be at a date after the date that the notice is filed;
• the new financial year end date must not be longer than 15 months after the end of the preceding financial year end.

Should the financial year end of a company fall on a weekend or a public holiday, the financial year end date would be on the next business day.