As you are aware, the Ministry of Corporate Affairs (MCA) had earlier announced on its website that the revised Schedule VI is applicable from the financial year 2010-11 onwards. On 25 March 2011, the MCA has changed this note on the website to state that the revised Schedule VI will apply from 1 April 2011. We have however not yet seen any formal circular/notification on the MCA website.
Join TaxGuru's Network for the latest updates on Income Tax, GST, Company Law, Corporate Laws and other related subjects.
Related Articles in Company Law
MCA Extends CCFS-2026 Compliance Scheme Deadline to 15 September 2026
September 1, 2026
ICSI Welcomes Extension of CCFS 2026 by MCA
September 1, 2026
Bombay HC Upholds Transfer of Winding-Up Proceedings to NCLT for Revival
August 30, 2026
NCLT Approves 46:1 Bonus Preference Share Issue by TVS Holdings
August 30, 2026
ICSI Seeks CCFS 2026 Extension Till September 30 Amid MCA-21 Filing Issues
August 30, 2026
Subhash Chandra Insolvency: NCLT Says Repayment Plan Can Bind Dissenting Creditors
August 29, 2026
0 Comments
Leave a Reply
it shall be applicable from fy 2011-12.
Notification for the same has already displayed on the MCA site that it is pertaining to the accounts prepared for the Fy commencing on or after 1-4-2011
I think it will be applicable from the fy 2011-12.
Making itapplicable for the FY 2010-11 would be too difficult for many companies first to understand and subsequently prepare the financial statements. I presume it would be made effective only from FY 2011-12. Second option is to make the implementation of new schedule VI voluntary atleast for FY 2010-11.
Lets await for fromal notification which should be displayed on prioer basis since we are fast approaching the Financial Year ending 31-3-2011.
Apparantely it looks like that it is not applicable for the Financial Year 2011. MCA is very famous in givning such a confusing changes. It must be declared by way of Circular etc.
What does it mean???
will it be applicable on F/S ending 31.03.11
It appear not to be as F/s are as on date, but otherwise can be like they are prepared after 1st April 2011……………
whether it means it is not applicable for financial year 2010-11. Pl.clarify