Schedule ii
This query is : Resolved
Siddhartha Purohit
(Querist)
02 April 2015
Respected Sirs,
I only wanted to know whether Schedule II of The Companies Act, 2013 is mandatory for FY 2015-16 and optional for 2014-15. I had read that only component accounting is optional for the current accounting year but our firm's client says otherwise.
Kindly enlighten me on the above mentioned topic.
02 April 2015
Applicable for all companies from 01.04.2014. See MCA General Circular 08/2014 dated 04.04.2014 from link given below:
https://www.mca.gov.in/Ministry/pdf/General_Circular_8_2014.pdf
https://www.mca.gov.in/Ministry/pdf/General_Circular_8_2014.pdf
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