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SCHEDULE VI OF COMPANIES ACT
I WANT TO KNOW WHAT IS THE CRITERIA FOR DECIDING WHETHER SCHEDULE VI APPLIES TO A COMPANY...
Replies (99)
It's Mandatory for all company.
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...)
yes, its need to everyone
every Company regsitered Under Companies Act 1956 have to follow Schedule VI Requirement
No. Refer Sec.211(1), it specifically excluded some companies from applicability of Schedule VI.
There is no citeria if its Company register under Companies Act,1956 then Schedule VI applicable
There is no citeria if its Company....means registered under Companies Act,1956 then schedule VI applicable.
hi may i interept what is the matter
hi may i interept what is the matter
The section itself is giving exeption to certain companies, please refer. These compaies are also registered under the companies Act.
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.
Even Insurance Companies, Electricity Companies as well....
yes.
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.
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