Amendment to Schedule VI

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Muralidharan (Querist)
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05 March 2011 Dear Members

I would like to know whether Schedule VI of the Companies Act, 1956, has been amended. If so please inform from which financial year it is applicable.

Also please inform the Notification Number and Date of the Notification.

with regards

R. Muralidharan

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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05 March 2011
This revised Schedule VI has been framed as per the existing non-converged Indian Accounting Standards notified under the Companies (Accounting Standards), Rules, 2006 and has nothing to do with the converged Indian Accounting Standards. This will apply to all the companies uniformly for the financial statements to be prepared for the financial year 2010-11 and onwards.
Courtesy :- MCA Portal Home page

Muralidharan

Muralidharan (Querist)
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05 March 2011 Dear Sir

Thankyou for your reply.

Kindly inform whether the amended Schedule VI is applicable to existing closely held private limited and public limited companies.

with regards

Muralidharan

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