Yes. The notification issued by MCA clearly indicates that its applicable from Financial Year 2010-11 onwards.

Yes.Revised schedule VI will apply to all companies uniformly for the financial statements to be prepared for Financial y

ear 2010-11  and onwards.

With best wishes,

The write-up in the MCA website is not exactly the notification.

A separate notification is expected clarifying the issues such as Previous year figures and applicability to companies

This schedule VI will be appilcable from Financial year 2010-11 onwards!

Yes it is applicable for financial year 2010-11 and onwards

Yes it is applicable for F.Y.2010-11 and onwards..

Any one has soft copy other than the pdf format ??? Please mail to satishrajan1982 @ gmail.com.

Originally posted by : Pothuganty sudheer
	Yes.Revised schedule VI will apply to all companies uniformly for the financial statements to be prepared for Financial y ear 2010-11  and onwards. With best wishes,

Revised Sch VI is for companies which are not SMC???

The revised schedule VI is as yet only put up on the MCA site. It has not yet come out as a notification in the Official Gazette. But it is expected any time soon. It is for the FY 10-11. Needless to say, comparative figures for the previous financial years need to be restated for publishing FY10-11 annual results ( Annual report).

Please note that Clause 41 of the stock exchange listing agreement prescribes the format for publishing the results in the papers and to notify to the exchange. There is no change in this format. This means that the Statement of Assets and liabilities that has to be given as a part of the results every 6 months ( For Sept and March results) is still in the old format of Schedule VI.

Many professional seniors are of the opinion that it makes no sense to prepare 2 balance sheets - one for annual report ( new format)  and another as per Clause 41 ( old format) for the exchange. In such a case, a note would have to be given as a part of the results to the exchange saying that the Stmt of Assets and Liabilities has been prepared as per revised Schedule VI.

sirs, though it has been displayed on the site of MCA however it is yet to be notified. it is expected that any moment of time the notification may come. Comparative figures have to be provided in new format.

CA,Shankar Kumar Jha.

FCA,DISA,IFRS Certified(ICAI)

is it applicable for Sep 11 Accounts?