Applicability of revised schedule vi

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Aashi (Querist)
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26 December 2013 Hello, 1.)Which chapters in group 2 of Ipcc in accounting affected by or involvement of revised schedule vi.. Please give me list of chapters affected by revised schedule vi ?
2.)In Banking Companies, The Minimum paid up capital and reserves in aggregate should not less than ... how much ?

Nikhil Kaushik

Nikhil Kaushik (Expert)
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27 December 2013 1. None of the chapters get a hit from schedule VI.

2. as per act 5 cr. but as on today the requirement is Rs 200 cr. Refer Page 3 of Chapter 6 of IPCC study material.

Aashi

Aashi (Querist)
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27 December 2013 In study material . its 5 lacs and presently for a new bank to be set up in india the initial minimum paid up capital should be 200 cr. solution 5 lacs k according hoga ya 200 cr k according .

Nikhil Kaushik

Nikhil Kaushik (Expert)
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27 December 2013 It is preferable that you write 5 lacs and in bracket write the condition applicable for new banks).

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