Applicability of revised sch-vi in case of insurance co.


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Querist : Anonymous

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Querist : Anonymous (Querist)
20 October 2012 Dear Expert,

As schedule -vi is requirement of companies act. Does Insurance co. also needs to prepare its Financial Statement as per reivesed schedule-vi or It continues to follow their own format as given under other act.


Regards,

monik dedhia.

20 October 2012 Revised schedule VI is not applicable to Insurance companies. Please see proviso to section 211(1) of the Companies Act,1956.



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Querist : Anonymous

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Querist : Anonymous (Querist)
20 October 2012 Thank you sir.

20 October 2012 No it is not applicable


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