The applicability of revised Schedule VI is from Financial year 2011-12, that means for books of account finalised for financial year ending 31-3-2012 the revised Schedule VI is applicable. The Concerned notification is available for download at MCA website Notificate no.S.O.447(E) dated 28-2-2011
02 July 2012
the Ministry of Corporate Affairs vide Notification No. S.O. 447(E), dated 28th February 2011 replaced the existing Schedule VI of the Companies Act, 1956 with the revised one.
Government vide Notification No. F.N. 2/6/2008 – C.L-V dated 30th March 2011 made the revised Schedule VI applicable to all companies for the financial year commencing from 01st April 2011.
22 July 2025
Yes, the revised Schedule VI applies to both private limited and public limited companies.
It became mandatory from the financial year 2011-12 (i.e., for accounting periods ending on or after 31 March 2012). The revised Schedule VI replaced the old one as per MCA Notification No. S.O. 447(E) dated 28 February 2011. The government further confirmed applicability to all companies from 1 April 2011 vide Notification No. F.N. 2/6/2008 – C.L-V dated 30 March 2011. So regardless of company type, all companies needed to prepare their financial statements as per revised Schedule VI starting FY 2011-12.
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