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SCHEDULE VI OF COMPANIES ACT

SUMEET (STUDENT OF CA) (33 Points)

12 October 2007

I WANT TO KNOW WHAT IS THE CRITERIA FOR DECIDING WHETHER SCHEDULE VI APPLIES TO A COMPANY...

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99 Replies

Prakash Popat (3134 Points)
Replied 12 October 2007

It's Mandatory for all company.

Srinath A. N. (Officer - Legal) (283 Points)
Replied 13 October 2007

Class of companies for which a form of balance sheet has been specified in or under the Act governing such class of companies are not covered under Schedule VI of the Companies Act (eg.:Banking Companies, Insurance Companies, Electricity Supply Companies etc...)

(Guest)

yes, its need to everyone

Vijay K. Agrawal (Service) (608 Points)
Replied 17 October 2007

every Company regsitered Under Companies Act 1956 have to follow Schedule VI Requirement

Srinath A. N. (Officer - Legal) (283 Points)
Replied 17 October 2007

No. Refer Sec.211(1), it specifically excluded some companies from applicability of Schedule VI.

Urvi Kanabar (chartered accountant) (42 Points)
Replied 20 October 2007

There is no citeria if its Company register under Companies Act,1956 then Schedule VI applicable

Urvi Kanabar (chartered accountant) (42 Points)
Replied 20 October 2007

There is no citeria if its Company....means registered under Companies Act,1956 then schedule VI applicable.

Manoj Gupta (service) (257 Points)
Replied 20 October 2007

hi may i interept what is the matter

Manoj Gupta (service) (257 Points)
Replied 20 October 2007

hi may i interept what is the matter

Srinath A. N. (Officer - Legal) (283 Points)
Replied 23 October 2007

The section itself is giving exeption to certain companies, please refer. These compaies are also registered under the companies Act.

Prakash Popat (3134 Points)
Replied 23 October 2007

I agree with Srinath but for that type of company different format as per laws applicable to it's R provided,Such as Banking Regulations Act..................provide format for State of Affairs of Banking company.

Srinath A. N. (Officer - Legal) (283 Points)
Replied 23 October 2007

Even Insurance Companies, Electricity Companies as well....

Prakash Popat (3134 Points)
Replied 23 October 2007

yes.

(Guest)

my company, a pvt.ltd, is a ship owning company, which has bought a new ship in 15.2.2007. pl inform me the rate of depreciation allowed as per companies act for the accounts closing on 31.3.07.