Applicability of revised sch-vi in case of insurance co.
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
20 October 2012
Dear Expert,
As schedule -vi is requirement of companies act. Does Insurance co. also needs to prepare its Financial Statement as per reivesed schedule-vi or It continues to follow their own format as given under other act.
Regards,
monik dedhia.
As schedule -vi is requirement of companies act. Does Insurance co. also needs to prepare its Financial Statement as per reivesed schedule-vi or It continues to follow their own format as given under other act.
Regards,
monik dedhia.
20 October 2012
Revised schedule VI is not applicable to Insurance companies. Please see proviso to section 211(1) of the Companies Act,1956.
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Querist : Anonymous
Querist :
Anonymous
(Querist)
20 October 2012
Thank you sir.
20 October 2012
No it is not applicable
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