ASSISTANT MANAGER
14607 Points
Posted on 08 November 2012
In my view, they are applicable because in the revision test papers of icai applicable for nov 2012 exams, the problems relating to the chapters as you asked were not prepared as per RS VI. Hence, in my view they are applicable for companies.
Revised schedule VI is not applicable to Banking, Electricity & Insurance companies, as the format of financials of these companies is governed by their respective statute, So if in case the question comes u can give the same note & then solve the question as per the format of the Banking/Electricity/Insurance company.
Chapters effected in IPCC are Amalgamation, Reconstruction, Financial Statements of Companies, Buy Back, Redemption of debentures, Financial Statements of Electricity Companies and Profit or Loss Prior to Incorporation. Please refer latest study material published by ICAI in ICAI website. Revised schedule VI is applicable for Nov 2012 exams.
wish you all the very best.
Regards,
RAJESH CHOUDHARY