Why revised schedule vi simplification of presentation economic and regulatory reforms over past several years -1960 to 2011 evaluate existing format with respect to unwanted and outdated disclosures. Hi, as you will be knowing schedule vi has been changed here i have given the format of revised schedule vi in excel download the attached file. I'm appearing for final group 4 exams jun' 13 is the revised balance sheet format applicable for holding companies also while preparing the consolidated balance sheet in holding companies we should follow the revised b/s format. Faq on revised schedule vi to the companies act 1956 withdrawn by icai in view of issuance of schedule iii to the companies act, 2013.
Introduction section 211(1) of the companies act, 1956 requires all companies to draw up the balance sheet and statement of profit and loss account as per the form set out in sch. Balance sheet, profit loss a/c,schedules as per revised schedule vi in excel format showing 1-1 of 1 messages. Company final accounts are prepared as per revised schedulerevised schedule gives prescribed format for preparation and presentation of financial statements. Form of balance sheet both horizontal and vertical form were allowed only vertical form of balance sheet has been specified in the revised schedule vi form of profit and loss account no format specified for profit and loss account form of profit and loss account specified under part ii headings in.
Revised schedule-vi presented by: ca rishi khator fca, cpa, cifrs e-mail [email protected] date: december 7, 2011 at acae emami conference hall. Revised schedule vi in excel format - download as word doc (doc / docx), pdf file (pdf), text file (txt) or read online. Compiled and prepared by kantilal patel & company page 1 of 23 a comparative study - schedule vi of the companies act, 1956 old v/s revised (2011. Revised schedule vi forum - questions and answers best place to find answers for your queries related to revised schedule vi field. Introduction old schedule vi had outlived its utilityrevised schedule vi effective from 1st april, 2011being a statutory format its early adoption is not permittedrevised schedule vi has been framed as per the existing non-converged indian accounting standards notified under the companies.
Revised schedule vi of the companies act, 19561 a comparison with old schedule vi. Much awaited change changing economic and regulatory requirements old schedule vi - more than 50 years old step towards better presentation and the applicability of ias.
Schedule vi (see section 211) general insturctions for preparation of balance sheet and statement of profit and loss of a company in addition to the notes incorporated above the heading of balance. Notification: ministry of corporate affairs issued the revised schedule vi which deals with the new concepts and disclosure requirements, doing way with several statutory disclosure requirements under the existing schedule vi of the companies act, 1956. The revised schedule vi requires that leasehold assets shall be separately presented a reconciliation of the gross and net carrying amounts of each class of assets at the beginning and end of the reporting period showing additions, disposals. Old v/snewthe ministry of corporate affairs (mca) vide notification no so 447(e) dated 28th february, 2011 have revised schedule vi of the companies act, 1956 (the act) which provides the instructions for the preparation of the balance sheet and statement of the profit & loss of the company.
Wwwcaaain 1 financial reporting & revised schedule vi ca rajkumar s adukia bcom (hons), fca, acs, acwa, llb, dipr, dll &lp, ifrs(uk), mba email id: [email protected] Revised schedule vi reference book 1 financial statements - revised schedule vi the revised schedule vi reports are a recent requirement for all registered companies to. Ministry of corporate affairs [mca], government of india, has on 3 march 2011, hosted on its website, the revised schedule vi to the companies act, 1956 which d. 1 is the revised schedule vi, based on ind as converged with ifrs ind as were notified on 25-02-2011 and the revised schedule vi was notified on 28-02-2011 this gave an impression that the revised schedule vi has been brought in to bring the presentation of financial statements in line with. Revised schedule vi by t p ghosh, training courses in mumbai, delhi & bangalore by leaders in executive education princeton academy.