Notification announcing applicability of Revised Schedule VI to the Companies Act, 1956 from 1 April 2011
- Wednesday, March 30, 2011, 6:06
- Company Law
[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY,
PART II, SECTION3, SUB-SECTION (ii)]
GOVERNMENT OF INDIA
Ministry of Corporate Affairs
NOTIFICATION
New Delhi, dated the 28/03/2011
G.S.R (E)- In exercise of the powers conferred by clause(a) of sub-section(1) of section 642 read with sub-section(1) of section 210A and sub-section (3C) of section 211 of the Companies Act,1956, (1 of 1956), the Central Government hereby makes the following amendment to paragraph 2 of the notification No.447(E) dated the 28th February,2011.:-
“ The notification shall come into force for the Balance Sheet and Profit and Loss Account to be prepared for the financial year commencing on or after 1.4.2011”.
[F. No. 2/6/2008-C.L-V]
Avinash K. Srivastava
Joint Secretary
Note: – The principal notification was published in the Gazette of India, Extraordinary, vide G.S.R. No.4 14, dated the 21st March, 1961 last amended vide S.O. No.447 (E) dated the 28th February,2011.
Related posts:
- Revised Schedule VI to the Companies Act, 1956 to be effective from 1 April 2011
- Change in the applicability date of revised Schedule VI of the Companies Act, 1956
- Highlights of Revised Schedule VI to the Companies Act, 1956
- Section 210A of the Companies Act 1956 – Constitution of National Advisory Committee on Accounting Standards – Amendment in Notification number S.O. 1800(E), dated 21-7-2009
- Section 210A of the Companies Act, 1956 – Constitution of National Advisory Committee on Accounting Standards – Amendment in Notification No. S.O. 1800(E), dated 21-7-2009
Finally, the clarification has come and the confusion running in the industry regarding applicability of Revised Schedule VI has come to an end.
Whether the revised schedule be implemented for quarterly financial statements also.