Accounting statndard 4

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ANU YEGNESWARAN (Querist)
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23 November 2012 Sir/Madam,
A Company changed its name and pattern of shareholding after the balance sheet date. Should it be disclosed in the notes to accounts? An early reply from your end is expected.

CA Deepak Bora

CA Deepak Bora (Expert)
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23 November 2012 Notes to accounts is related to accounting policies of the company. It has nothing to do with the name of the company or share holding pattern of the company.

In the instant case make sure that you incorporate changes as per AS-4 Contingencies and Events Occurring after Balance Sheet date. Accordingly you have to make changes in Schedules to Financial Statement - Share Capital.

If the Board has not approved the financial statements you have to incorporate the changes mentioned above.

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