Schedule

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

25 June 2012 respected sir/maam;
what is the purpose of schedules in company act 1956
what does it contains.
how many schedules are there.
why schedule-vi is important.
which schedule has been amended recently and why.

CA SURENDRA KUMAR RAKHECHA

CA SURENDRA KUMAR RAKHECHA (Expert)
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25 June 2012 For various schedules you have to refer the Companies Act.
.
For another part of your query :
.
Schedule VI is presentation of Balance Sheet and Profit and Loss Account.
.
Schedules are amended

WHEN MORE INFORMATION is needed

(due to development of business environment and accounting practices accordingly)

and/or

WHEN PRESENTATION IS REQUIRED TO BE MADE IN A BETTER MANNER.