Will the new Balance sheet, P&L and other new pattern would be applied to write/solve the CS-Executive- Accounts exam for December 2012. For the June exams many of the students adopted the old format and hence i'm confused about the same.
20 October 2012
Yes. Revised Schedule VI will be applicable.
It was applicable to June 2012 exams as wee.
Clarification on applicability of Schedule VI of Companies Act, 1956 for June 2012 Examination
The Ministry of Corporate Affairs (MCA) under notifications number S.O. 447(E) and 653(E) dated 28th February, 2011 and 30.03.2011 respectively notified that the annual accounts for the financial year ending 31st March 2012 shall be prepared in accordance with the revised Schedule VI.
Since any amendment coming into force before six months from the date of examination forms part of syllabus for examination, the new Schedule VI of the Companies Act, 1956 shall be applicable to June, 2012 examination.