Company Law - Form of Balance Sheet and Profit and Loss account Changed

By Vijay Kumar

GOVERNMENT has replaced the existing Schedule VI with a new Schedule VI. The Balance Sheet and Profit and Loss Account Forms are replaced. This will 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.

MOC Notification No. S.O 447(E) Dated: February28, 2011 as amended by Notification dated 30.03.2011