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Form and contents of Balance sheet and Profit & Loss Account of a company under Schedule VI to the Companies Act, 1956 revised.

Ministry of Corporate Affairs [MCA], Government of India, has on 3 March 2011, hosted on its website, the revised Schedule VI to the Companies Act, 1956 which deals with the Form of Balance sheet, Profit & Loss Account and disclosures to be made therein.

The revised Schedule VI has been framed as per the existing non-converged Indian Accounting Standards notified under the Companies (Accounting Standards), Rules, 2006 and has no connection with the converged Indian Accounting Standards.

The revised Schedule VI will apply to all the companies uniformly for the financial statements to be prepared for the financial year 2010-11 and onwards. The text of the revised Schedule VI is available at http://www.mca.gov.in/ .

The official notification amending the Schedule VI to the Companies Act, 1956 is still awaited.

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110 Comments

  1. Nilesh says:

    Who normally prepares the schedule VII format, company or Auditor. Company is suppose to prepare the balance sheet, according to balance sheet is it duty to prepare the Schedule VII format by auditor or company ?

  2. Lalit says:

    dear sir i am a accountant, please send me the schedule (iii) balance sheet and profit & loss account of companies act 2013 in excel format .

    waiting for your reply.

    Regards
    Lalit

  3. Ravi RAthod says:

    Dear sir pls provide me a small format of Revised Schedule VI balancesheet and p&l A/c with notes of accounts any two Constraction company

  4. saurabh singh says:

    Dear,
    Sir
    i am student of class 12th & i was studying in lucknow & Can you please provide the synopsis of changes in Schedule VI

    saurabh singh
    student

  5. khaleem k k says:

    Dear Sir/Madam,

    This is to inform you that i want to know the grouping of Ledger baalances in schedule-VI as i want to group the ledgers in Specified heads and also we request you to send us any Document which shows us which ledger can be classifed in which group so we will able to check for the same.

    Warm regards,
    Khaleem k k

  6. soumya says:

    I am working in a software Co.Company was started on 03.12.13.Our company having 16 laboures.Can you tell our company cover under CLRA Act & MW Act.If cover this act what are the procedures will need.Our company not give PF & ESI,so my dobt is, now PF & ESI is need to allow the laboures.If need the Pf & ESI,what are the procedures are following.

    Awaiting for you reply

    Thanks
    Soumya

  7. Bhaben paul says:

    sir .i am a student of m.com . i need the new formate of financial statement .. sir , please provide me new formate of profit&loss a/c & balance sheet by an email..

  8. Ravi says:

    Revised Schedule VI Software — New Delhi for All Reports All Notes of Accounts in excel & pdf format

    New Schedule VI Web based software —Delhi

    Fully web based

    Easy to upload and distribute to Balance sheet and Balance sheet

    Easy to access anywhere

    can reduce the typo error

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    Seperate hyper link for your site

    you can Visit us at macoinfotechdotcom or call nine,three,one,zero,zero,three,nine,,two,five,zero, or call

  9. Shubham singhal says:

    Can you please tell me the no. of official notification which makes the new schedule VI of balance sheet and statement of p&l a/c mandatory.
    thank u sir

  10. Aishwarya.V says:

    I am CA student, studing IPCC .so please send me revised schedule vi format ie balance sheet and p&l account with other necessary details.

  11. Ananya says:

    Could you please provide me with the format of the revised Balance sheet,Profit & loss account,Circular No. and ..Circular date…..asap…

  12. kiran says:

    please send me the revised format of balance sheet & profit & loss account with reasons & logic behind every item e.g. why there are no overheads in revised profit & loss account.

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