Cash flow statement

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KISHAN (Querist)
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10 October 2013 If Private Limited Company's Paid up Share capital is Rs. 1,00,000/- is mandatory to prepare Cash Flow Statement ?

Sanket

Sanket (Expert)
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10 October 2013 no...it is not mandatory.

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Nikhil Kaushik

Nikhil Kaushik (Expert)
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10 October 2013 Only the following entities are required to prepare cash flow:

Level I Enterprises

Enterprises which fall in any one or more of the following categories, at any time during the accounting period, are classified as Level I enterprises:

Enterprises whose equity or debt securities are listed whether in India or outside India.

Enterprises which are in the process of listing their equity or debt securities as evidenced by the board of directors' resolution in this regard.

Banks including co-operative banks.

Financial institutions.

Enterprises carrying on insurance business.

All commercial, industrial and business reporting enterprises, whose turnover for the immediately preceding accounting period on the basis of audited financial statements exceeds Rs. 50 crore. Turnover does not include 'other income'.

All commercial, industrial and business reporting enterprises having borrowings, including public deposits, in excess of Rs. 10 crore at any time during the accounting period.

Holding and subsidiary enterprises of any one of the above at any time during the accounting period.

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