AMENDMENT TO SCHEDULE III OF THE COMPANIES ACT, 2013

Ministry of Corporate Affairs has carried out further amendments to Schedule III of the Companies Act, 2013 with effect from the date of publication of this notification in the Official Gazette.

In Companies Act, 2013, in Schedule III, in Division I, in Part I under the heading “General instructions for preparation of Balance Sheet” in paragraph 6 a new clause has been inserted which requires every company to disclose the details of Specified Bank Notes (SBN) held and transacted during the period from 8th November, 2016 to 30th December, 2016 as prescribed in Table given there.

For Detailed Information: http://mca.gov.in/Ministry/pdf/AmendmentinScheduleIII_Notification31032017.pdf

 

Disclaimer: The entire content of this document have been prepared as per the information existing at the time of the preparation. The author of this blog does not take any responsibility of the same.

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​THE COMPANIES (AUDIT AND AUDITORS) AMENDMENT RULES, 2017

MCA has notified the Companies (Audit and Auditors) Amendment Rules, 2017 which shall come into force on the date of their publication in the Official Gazette i.e. 30-03-2017.

The amendment are being made to put additional responsibility on the shoulders of the Statutory Auditors to check, report and provide requisite disclosures in its financial statements as to holdings as well as dealings in Specified Bank Notes during the period from 8th November, 2016 to 30th December, 2016.

For Detailed Information:

http://mca.gov.in/Ministry/pdf/ScannedCompaniesAuditandAuditorsRules_31032017.pdf

Disclaimer: The entire content of this document have been prepared as per the information existing at the time of the preparation. The author of this blog does not take any responsibility of the same.