Revised schedule vi b/s

simrat rawala (Student CA IPC / IPCC) (33 Points)

05 November 2013

balance sheet of npo is also made with revised schedule vi?? m confused... plz reply

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3 Replies

Ashwini Kumar Rohilla (M.Com and CA-FINAL) (949 Points)
Replied 05 November 2013

Only if NPO is compliance with requirements of section 25 of Companies Act, 1956.

simrat rawala (Student CA IPC / IPCC) (33 Points)
Replied 05 November 2013

And if nothing is given regarding sec 25 then we can take assumption that this npo is not in compliance with sec 25 of co. Act??

CA VIRAL SANGHVI (Finance head) (681 Points)
Replied 15 November 2013

look NPO can be formed under 3 options

1. formed a society

2. trust

3. formed company under section 25

so it is depend upon the nature of formation.

under 1st and 2nd option Revised schedule VI is not apply but under section 25 company Revised Schedule VI is applicable.

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