Section 227 (3) (d)

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Gaurav Gulati (Querist)
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07 January 2011 Please give details about section 227 (3) (d)of the companies Act, 1956.
and Also state that when CARO in introduced in India

CA Ankit Gulgulia (Jain)

CA Ankit Gulgulia (Jain) (Expert)
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11 January 2011 CARO - It shall come into force on the 1st day of July, 2003.

section 227 (3) (d) -the profit and loss account and balance sheet comply with the accounting standards referred to in sub-section (3C) of section 211;]

Accounting Standards Referred in here are as notified by NACAS (Constituted u/s 210A of Companies,Act,1956) and are very Similar to those issued by ICAI.