banner_ad

Unit of measurement in balance sheet etc

274 views 1 replies
A company's turnover is less than 100 crores. As of now it is preparing its Balance Sheet and P/L in Rs. in thousands. But it intends to change the units of measurement in Rs. in Lakhs as per Schedule III of the Companies Act. Can it do so and if yes then whether shareholders approval is required or not. Please also point out Other formalities and disclosures for changing the units of measurement in Balance Sheet and PL etc.
Replies (1)

Schedule III of the Companies Act, 2013 prescribes the figures in which the financial statements are needed to be prepared. For turnover less than 100 crores rupees, the rounding up can be done to nearest hundreds, thousands, lakhs or millions. The comparative figures are also required to be shown to the same rounding up. Shareholders approval is not required in this regard


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details