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Revised schedule VI

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CA Abhiram Bharat.

Assistant Manager Taxation

402 Points Posted on 30 June 2011

hello everyone,

well all know that MCA has revised in consultation with NACASA the revised schdule VI for companies.

howver, i hav observed in many a companies like TCS, Kotak Securities & other that they have prepared the balance sheet for the financial year 2010-2011 following the old sch VI only..

what should we do..

please acknowledge..

kind regards-

abhiram (CA final Appeared)

Replies (7)

The MCA had later notified vide notification no [F. NO. 2/6/2008-C.L-V] dated 30th March 2011 that revised Schedule VI shall be effective from 1st April 2011. This would mean that the companies will continue to prepare and present the financial statements for the year ended 31 March 2011 as per existing Schedule VI to the Companies Act, 1956.

CA ADITYA SHARMA

CA IN PRACTICE

14247 Points Posted on 30 June 2011

agree with DINESH SIR

Srilakshmi

CA Final

122 Points Posted on 30 June 2011

Originally posted by : Dinesh Selvaraj
	The MCA had later notified vide notification no [F. NO. 2/6/2008-C.L-V] dated 30th March 2011 that revised Schedule VI shall be effective from 1st April 2011. This would mean that the companies will continue to prepare and present the financial statements for the year ended 31 March 2011 as per existing Schedule VI to the Companies Act, 1956.

agreed

Mukesh Kumar Singh

CA-FINAL

3582 Points Posted on 01 July 2011

Agree with Dinesh sir.

Shaily Jain

Chartered Accountants

523 Points Posted on 01 July 2011

yes...it will aplicable from FY 11-12

CA Sanjay Jha

ACCOUNTS MANAGER

559 Points Posted on 01 July 2011

yes agree with all

CS,CA F,Numrologi TusharSampat

CS CA F Numerologist Astrologer Graph

69185 Points Posted on 01 July 2011

Originally posted by : Dinesh Selvaraj
	The MCA had later notified vide notification no [F. NO. 2/6/2008-C.L-V] dated 30th March 2011 that revised Schedule VI shall be effective from 1st April 2011. This would mean that the companies will continue to prepare and present the financial statements for the year ended 31 March 2011 as per existing Schedule VI to the Companies Act, 1956.

AGREED.