Companies Act, 2013

Financial statement.

129. (1) The financial statements shall give a true and fair view of the state of affairs of the company or companies, comply with the accounting standards notified under section 133 and shall be in the form or forms as may be provided for different class or classes of companies in Schedule III:

Provided that the items contained in such financial statements shall be in accordance with the accounting standards:

Provided further that nothing contained in this sub-section shall apply to any insurance or banking company or any company engaged in the generation or supply of electricity, or to any other class of company for which a form of financial statement has been specified in or under the Act governing such class of company:

Provided also that the financial statements shall not be treated as not disclosing a true and fair view of the state of affairs of the company, merely by reason of the fact that they do not disclose-

(a)	-	in the case of an insurance company, any matters which are not required to be disclosed by the Insurance Act, 1938 (4 of 1938), or the Insurance Regulatory and Development Authority Act, 1999 (41 of 1999);
(b)	-	in the case of a banking company, any matters which are not required to b .... To read the full section download the app from Google Play store Latest Job Openings View all 19 May 2026 Accountant ca kunjan Mumbai CA Inter View Details ARTICLESHIP 02 May 2026 Accounts and Audit Assistant Kothawade and Laddha Thane B.Com View Details 11 May 2026 Post office Post office Anakapalle Others View Details 07 May 2026 CA Assistant amit desai and co Mumbai CA Final View Details ARTICLESHIP 15 May 2026 Audit Assistant / Article Trainee / Intern SSGS and Associates Chennai CA Inter View Details 26 April 2026 Chartered Accountant Source HR Mumbai CA View Details 23 May 2026 Article Assistant Geeta Manchanda & CO. New Delhi CA Inter View Details 18 May 2026 MIS Executive Primarc Pecan Retail Limited Mumbai B.Com View Details Share  Facebook  Twitter  Linkedin  Reddit  Email  Whatsapp  Gmail  Pocket  Print  Pinterest  PDF  Translate Whatsapp Groups GST Income Tax CA Final CA Inter CAclubindia Login at CAclubindia CAclubindia India's largest network for finance professionals User Name Password Remember Me Forgot Password ? Alternatively, you can log in using: Login with Google Don't have an account? Register Now click here to register