Check List Companies Act - Schedule III amendments

Last updated: 22 October 2021

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This checklist details the recent amendments to Schedule III of the Companies Act, focusing on enhanced disclosure requirements for companies. It covers crucial updates such as the mandatory disclosure of all promoter shareholdings, detailed ageing schedules for trade payables and receivables, and new requirements for reporting on intangible assets and capital work-in-progress. It also highlights changes related to security deposits, loans to related parties, and the disclosure of crypto currency transactions. This document is vital for company secretaries, finance professionals, and auditors to ensure compliance with the latest regulations.

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AMENDMENTS IN SCHEDULE III The Ministry of Corporate Affairs vide Notification dated 24 March 2021 has amended Schedule III to the Companies Act, 2013. Amendments are effective from the 1st day of April 2020. The notification incorporates additional disclosure requirements while preparing the financial statements of an entity which are covered under the three divisions of Schedule III to the Companies Act, 2013. To explain this amendment weâ€™ve prepared detailed notes along with the formats. Please read these notes and revise your financials. #xlsx

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Submitted by CA Abhijeet N. Bobade · Posted 22 October 2021 · Other files by CA Abhijeet N. Bobade · Report

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