Company Law

Companies Bill 2012 – Major Changes

The government gave a facelift to 56-year-old companies act. On 18th Dec., 2012 the Lok Sabha passed the Companies Act 2012 which will replace existing Companies Act,1956.The Primary aims of this bill is to improve Corporate Governance and it also contains provision to strengthen regulations for corporate as well as auditing firms and more rights…

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Expected Theory Questions on Revised Schedule VI for CA Final

1. Is the revised Schedule VI, based on Ind AS converged with IFRS? Ind AS were notified on 25-02-2011 and the revised Schedule VI was notified on 28-02-2011. This gave an impression that the revised Schedule VI has been brought in to bring the presentation of financial statements in line with the Ind AS. However,…

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Expected Theory Questions on Revised Schedule VI for CA IPCC and Final

The Ministry of Corporate Affairs has notified the revised Schedule VI on 28 February, 2011 vide Notification No. S.O. 447(E) (as amended by Notification No. SO 653(E) dated 30 March 2011). The revised Schedule VI will replace the existing Schedule VI in respect of Balance Sheet and Profit and Loss Account to be prepared for…

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Revised Schedule VI for Companies | Format

The Central Government, in exercise of the powers under section 641(1) of the Companies Act, 1956 has replaced the existing Schedule VI with the revised Schedule VI on the 28th February, 2011 pertaining to the preparation of Balance Sheet and Profit and Loss Account under the Companies Act, 1956. This revised Schedule VI has been…