Schedule VI

NO, only appropriate disclosure is required

Thank you Manmohan.

Hi Sangeet

If  you read Schedule VI  with Section 211 it says that the financial statement should bein Rupees and Forms  23Ac and ACA  fild with ROC also said that amount to be denominate in rupees. 

 I sugges that financial statement shold be made in rupees instead of denominating in millions.

Regards

Ajay

Thanks Ajay.

However, Note No. 3 to Schedule VI states that if turnover of a Company in a financial year is equal or more than one hundred crore, financials can be rounded off to hundreds, thousands, millions, etc. Hence they can be prepared in millions

So I just wanted to check if we need to intimate ROC or anything.

Regards

Sangeet