20 June 2015
I. Before applicability of Companies Act-2013 a. All companies whose equity or debt securities listed with any Stock Exchange(s) in India or outside India. b. Company which is in the process of listing their equity or debt securities as evidenced by the board of Director’s resolution in this regard. c. A Bank includes Co-operative Bank. d. Financial Institutions. e. Insurance Company. f. whose turnover (excluding other income) exceed rupees fifty crore in the immediately preceding accounting year; g. which have borrowings (including public deposits) in excess of rupees ten crore at any time during the immediately preceding accounting year; h. Holding or Subsidiary company of a company which is not a small and medium-sized company. II. Under Companies Act-2013 As per Provisions of sub section 40 of Section 2 of Companies Act, 2013 financial statements would include Cash Flow Statements. Therefore as per 2(40) “EVERY COMPANY” required to prepare “CASH FLOW STATEMENT” along with Balance Sheet & Statement of Profit & Loss. All the company except mentioned below required to prepare Cash Flow Statement for the Financial year 01st April, 2014 to 31st March, 2015. Companies Exempt from Cash Flow requirements: One Person Company Small company – As defined below* Dormant company- Sec 2(85) defines Small Companies as: ‘‘small company’’ means a company, other than a public company,— (i) Paid-up share capital of which does not exceed Rs 50 Lakhs or such higher amount as may be prescribed which shall not be more than Rs 5 Crores ; or (ii) Turnover of which as per its last profit and loss account does not exceed Rs 2 crore or such higher amount as may be prescribed which shall not be more than Rs 20 Crores: Provided that nothing in this clause shall apply to— (A) A holding company or a subsidiary company; (B) A company registered under section 8; or (C) A company or body corporate governed by any special Act;
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