As-3
This query is : Resolved
Nikunj Shiyani
(Querist)
20 June 2014
what is the applicability criteria of cash flow statement to private limited company? is it mandatory?
20 June 2014
AS-3 is not applicable to a Pvt ltd company if -
* its shares are not listed/ proposed to be listed in India/abroad.
*it is not a bank, FI or insurance company.
* its turn over does not exceed Rs.50 crores in the previous year.
* it is not a holding/subsidiary company of a company not satisfying the above conditions.
* its shares are not listed/ proposed to be listed in India/abroad.
*it is not a bank, FI or insurance company.
* its turn over does not exceed Rs.50 crores in the previous year.
* it is not a holding/subsidiary company of a company not satisfying the above conditions.
Rupesh Jain
(Expert)
20 June 2014
yes ans by MR warier is coorect
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