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Applicability of revised sch-vi in case of insurance co.

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Querist : Anonymous

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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.
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
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

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Querist : Anonymous (Querist)
20 October 2012 Thank you sir.
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SANYAM ARORA

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SANYAM ARORA (Expert)
20 October 2012 No it is not applicable

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