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.

Revised Schedule VI FormatThis revised Schedule VI has been framed as per the existing non converged Indian Accounting Standards notified under the Companies (Accounting Standards), Rules, 2006. The Revised Schedule VI shall come into force for the Balance Sheet and Profit and Loss Account to be prepared for the financial year commencing on or after 1.4.2011.

Format of the Revised Schedule VI – Balance Sheet

Part I: Form of Balance Sheet
Name of the Company
Balance Sheet as at 31 March, 20X2
Particulars Note No. As at 31st March 20X2 As at 31st March, 20X1
Rs. Rs.
A EQUITY AND LIABILITIES
1 Shareholder’s Fund
(a) Share capital
(b) Reserves and surplus
(c) Money received against share Warrants
2 Share application money pending allotment
3 Non-current liabilities
(a) Long-term borrowings
(b) Deferred tax liabilities (net)
(c) Other long-term liabilities
(d) Long-term provisions
4 Current liabilities
(a) Short-term borrowings
(b) Trade payables
(c) Other current liabilities
(d) Short-term provisions
TOTAL
B ASSETS
1 Non-current assets
(a) Fixed assets
(i) Tangible assets
(ii) Intangible assets
(iii) Capital work-in-progress
(iv) Intangible assets under development
(v) Fixed assets held for sale
(b) Non-current investments
(c) Deferred tax assets (net)
(d) Long-term loans and advances
(e) Other non-current assets
2 Current assets
(a) Current investments
(b) Inventories
(c) Trade receivables
(d) Cash and cash equivalents
(e) Short-term loans and advances
(f) Other current assets
TOTAL

Format of the Revised Schedule VI – Profit and Loss account

Part II – Form of Statement of Profit And Loss
Name of the Company
Statement of Profit and Loss for the year ended 31 March, 20X2
Particulars Note No. As at 31st March 20X2 As at 31st March, 20X1
Rs. Rs.
A CONTINUING OPERATIONS
1 Revenue from operations (gross)
Less: Excise duty
Revenue from operations (net)
2 Other income
3 Total revenue (1+2)
4 Expenses
(a) Cost of materials consumed
(b) Purchases of stock-in-trade
(c) Changes in inventories of finished goods, work-in-progress and stock-in trade
(d) Employee benefits expense
(e) Finance costs
(f) Depreciation and amortisation expense
(g) Other expenses
Total expenses
5 Profit / (Loss) before exceptional and extraordinary items and tax (3 – 4)
6 Exceptional items
7 Profit / (Loss) before extraordinary items and tax (5 + 6)
8 Extraordinary items
9 Profit / (Loss) before tax (7 + 8)
10 Tax expense:
(a) Current tax expense for current year
(b) (Less): MAT credit (where applicable)
(c) Current tax expense relating to prior years
(d) Net current tax expense
(e) Deferred tax
11 Profit / (Loss) from continuing operations (9 +10)
B DISCONTINUING OPERATIONS
12.i Profit / (Loss) from discontinuing operations (before tax)
12.ii Gain / (Loss) on disposal of assets / settlement of liabilities attributable to the discontinuing operations
12.iii Add / (Less): Tax expense of discontinuing operations
(a) on ordinary activities attributable to the discontinuing operations
(b) on gain / (loss) on disposal of assets / settlement of liabilities
13 Profit / (Loss) from discontinuing operations (12.i + 12.ii + 12.iii)      
C TOTAL OPERATIONS      
14 Profit / (Loss) for the year (11 + 13)      
15 Earnings per equity share:
(1) Basic
(2) Diluted

'Revised Schedule VI for Companies | Format' have 20 comments

  1. June 16, 2012 @ 6:48 am shubham

    please send the Revised Schedule VI for Companies | Format on my email id………….

    Reply

  2. August 13, 2012 @ 1:28 am Aditya

    Thank you for providing such a valuable information

    Reply

  3. November 1, 2012 @ 7:24 am sayaaali

    please send the revised schedule 6 with annexures(notes)on my id…i need it for my exam

    Reply

  4. November 1, 2012 @ 7:29 am sayaaali

    MAIL ME REVISED SVH 6..AS SOON AS POSSSIBLE..WANT IT FOR MY EXAM

    Reply

  5. January 5, 2013 @ 8:48 am Shree Kumar Patel

    please help me how to treat Work in progress to be mentioned in notes to Schedule VI for building developers

    Reply

  6. February 14, 2013 @ 7:31 am vijayalaxmi

    pls send me revised schedule of co act 1956

    Reply

  7. March 12, 2013 @ 10:45 am MUKESH

    REVISED SCHEDULE 6 PROFORMA

    Reply

  8. April 9, 2013 @ 9:13 am balwant negi

    Res/Sir,

    Please send the revised schedule VI as per concern my job.

    Thanks & Regards
    Balwant Negi

    Reply

  9. June 6, 2013 @ 3:50 am ankit

    hi sir,please let me know how to treat a profit and loss account fund from operation in balance sheet as per schedule vi
    plzzzz soon

    Reply

  10. June 20, 2013 @ 4:36 am afzal

    PLEASE SEND TO ME REVISED SCHEDULE SIX B/S ,P&L ACCOUNT TO MY “afzalahmed142@gmail.com” id….

    Reply

  11. July 2, 2013 @ 7:11 am neeraj kumar singh

    plz send formet of scedule6 in my id

    Reply

  12. July 9, 2013 @ 2:55 pm shruti singh

    thnx for providing such a less tougher BALANCE SHEET

    Reply

  13. July 16, 2013 @ 8:18 am MOHAMMED JAVEED

    sir i kindly request you to send me the format of the revised shedule vi as per the companies act 1956

    Reply

  14. November 12, 2013 @ 1:42 am suresh

    please send b/s and p/l a/c to my mail thank u

    Reply

  15. February 7, 2014 @ 5:44 am deepa

    sir can you please send the balance sheet format at horizontal form

    Reply

  16. February 12, 2014 @ 10:54 am AMOL DASHPUTE

    Please send me revise format of schedule-6 on my email id

    Reply

  17. February 23, 2014 @ 11:18 am G.Saibabu

    Please send me revise format of schedule-6 on my email id

    Reply

  18. November 25, 2014 @ 1:47 pm M.A.Mohamed Hakkim Raja

    please send me my email id for revised schedule vi of the companies act 2013

    Reply

  19. March 26, 2017 @ 2:34 pm Shalini

    Dis is balance sheet as per act 2011 isn’t it?

    Reply


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