Revised Sch VI to Companies Act

Dear Members

Corporate Updates

Ministry of Corporate Affairs has issued a revised Schedule VI to the Companies Act, 1956.

This revised Schedule VI has been framed as per the existing non-converged Indian Accounting Standards notified under the Companies (Accounting Standards), Rules, 2006 and has nothing to do with the converged Indian Accounting Standards. This will apply to all the companies uniformly for the financial statements to be prepared for the financial year 2010-11 and onwards.

Copy of the Revised Schedule is attached herewith for your information.

Thanks & Regards

Jaideep Pandya