I am a CA Final Level Student. My query is related to the financial statements of Electricity Generating Companies that whether its accounts will be prepared as per Schedule VI or Electricity Act?
16 May 2010
If it is company now and not a Electricity Board, than it wil be under schedule VI. Like earlier it was Gujarat electricity board which was required to be filed under electricity act, but 2 years back it is changed to Company ltd and so companies act is applied.
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