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Sundry creditors

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Querist : Anonymous

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Querist : Anonymous (Querist)
16 August 2011 What is the need of showing sundry creditors amount from micro enterprises and small enterprises separately from others as per Schedule VI.


Thanks in advance
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CA Koustubh Vishnu Bhatye

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CA Koustubh Vishnu Bhatye (Expert)
16 August 2011 Pl refer MSMED ACT, 2006. This will help u in understanding the reason behind this.
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
16 August 2011 The name(s) of the small-scale undertaking(s) to whom the company owes a sum exceeding Rs. 1,00,000/- together with interest which is outstanding for more than 30 days are to be disclosed being a statutory stipulation vide MCA Notification GSR 719(E) dated 16/11/2007.
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