Financial Accounts of Electricity Generating Companies

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Puneet Gupta (Querist)
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16 May 2010 Dear Experts

I am a CA Final Level Student. My query is related to the financial statements of Electricity Generating Companies that whether its accounts will be prepared as per Schedule VI or Electricity Act?

I will be really thankful.

Regards
Puneet Gupta

CA Shiv

CA Shiv (Expert)
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16 May 2010 If it is company now and not a Electricity Board, than it wil be under schedule VI.
Like earlier it was Gujarat electricity board which was required to be filed under electricity act, but 2 years back it is changed to Company ltd and so companies act is applied.

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