Amendments to Schedule III of Companies Act 2013 (“Act”) effective from 1^st April 2021

DIV I    –  Indian GAAP Financial Statements

DIV II   –  Ind AS Financial Statements

DIV III  –  Financial Statements for NBFC’s

These amendments are applicable with effect from 1st April 2021. However, one should take note that the company needs to show comparatives figure for the financial year 2020-21(previous year figures) in the financial statements of 2021-22. Therefore, impact of the additional disclosure needs to be assessed with effect from financial year 2020-2021 itself.

#companies #companiesact2013 #companiesact #roc #mca #ministryofcorporateaffairs #amendmentstoschedule3 #mcaamendments #regulation #compliance #finance #Globalconsulting #financeandaccounting #financemarket #financeleadership #financeandaccounting #industryinsights #industryexperts #mcaupdate #advisoryfirm #krestonsgco #krestonindia #kreston

Keep following us on Facebook, Instagram, Linkedin and Twitter for more updates. Let’s stay connected.