ICSI – Applicability of Schedule VI of Companies Act, 1956 for June 2012 Examination

Clarification on applicability of Schedule VI of Companies Act, 1956 for June 2012 Examination  

The Ministry of Corporate Affairs (MCA) under notifications number S.O. 447(E) and 653(E) dated 28^th February, 2011 and 30.03.2011 respectively notified that the annual accounts for the financial year ending 31^st March 2012 shall be prepared in accordance with the revised Schedule VI.

Since any amendment coming into force before six months from the date of examination forms part of syllabus for examination, the new Schedule VI of the Companies Act, 1956 shall be applicable to June, 2012 examination. 

Source- ICSI