07 April 2012
I am confused regarding the application of revised schedule VI. Can anyone please tell me for a private limited company having a turnover of 5 crores approx. what should be the form of b/s and P/L to be presented in the audit report. Can we continue the format used in the previous years i.e. schedule VI or will we have to apply revised schedule VI?? Please resolve
08 April 2012
Every Company registered under the Companies Act are require to prepare annual information report as per revised schedule VI except any insurance or banking company, or any company engaged in the generation or supply of electricity or to any other class of company for which a form of Balance Sheet and Profit and Loss account has been specified in or under any other Act governing such class of company
CAclubindia
