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Madhusudan Kabra (knowledge seeker) 04 June 2010
CA Shantanu Goyal (Practicing CA) 04 June 2010
AS-3 requires that if an entity prepares Cash Flow Statement then it requires to follow AS-3
AS-3 does not mandate any entity to prepare cash flow statement it just says that if you prepare then you have to follow AS-3
as far as company's law is concern it also not require a company to prepare cash flow statement.
So in nutshell a private limited company DOES NOT require to prepare cash flow statement
hope its useful for you