Top Notch Revised Schedule Vi Of Companies Act 2013
Conventionally current asset to current liabilities ratio current ratio.
Revised schedule vi of companies act 2013. Revised Schedule VI may be followed by such companies till the time any other format is prescribed by the relevant statute. Infrastructural ProjectsFacilities Scope Of. The draft revised schedule VI requires companies to classify assets and liabilities into current and non-current categories.
The term infrastructural. 19 section 50 or 54 of the Banking Act as applied by section 55ZJ of that Act section 467 of the Credit Bureau Act 2016 section 47 of the Finance Companies Act Cap. Also a new disclosure requirement regarding details of number of shares held by each shareholder holding more than 5 shares in the company has been inserted by the Revised Schedule VI.
See Section 135 Activities which may be included by companies in their Corporate Social Responsibility Policies Activities relating to. The schedule VI has eliminated the concept of Schedules and such information is now to be furnished in terms of Notes to Accounts. 1 i Eradicating hunger poverty and malnutrition 2 promoting health care including preventinve health care and sanitation 4 including contribution to the Swach.
Revised Schedule VI in Excel PDF Format. Schedule 6 of Companies Act 2013. In case ofany conflict between the AS and the Schedule AS shall prevail.
This will definitely improve the usefulness of the balance sheet. Change in titles of Upper and Lower half of Balance SheetUnder Revised Schedule VI now Schedule III the upper half is referred to as Equity and Liabilities and lower half is shown as Assets whereas in Old Schedule VI the same were referred as Sources of Funds and Application of Funds respectively. As per the Act and rules notifications thereunder.
While preparing the Balance-Sheet Cash and Cash Equivalents will. The Revised Schedule VI has eliminated the concept of schedule and such informationis now to be furnished in the notes to accounts. In case of Long-term Borrowings the Revised Schedule VI requires disclosing repayment terms of long term loans and other loans.