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Companies Act, 2013 (18 of 2013), the Central Government hereby makes the following further amendments in Schedule III to the said Act with effect from 1st day of April, 2021, namely:- In the said Schedule,- (a) in Division I,- (i) under the heading “General instructions for preparation of Balance Sheet and statement of
Apr 1, 2021 · The Ministry of Corporate Affairs, Government of India, issued notifications dated 24 th March, 2021 to amend Schedule III to the Companies Act, 2013 to enhance the disclosures required to be made by the Company in its Financial Statement. Purpose of Amendment:
Aug 25, 2022 · Article discusses Amendments in Schedule-III to Companies Act, 2013 which are Effective from FY 2021-22. MCA has amended Schedule III of Companies Act 2013 on 24th March 2021 with an objective to increase transparency and provide additional disclosures to users of financial statements.
The MCA through a notification dated 24 March 2021 has issued certain amendments to Schedule III to the 2013 Act. Key Amendments are divided into three divisions: DIVISION I. For companies whose financial statements are required to comply with Companies (Accounting Standards) Rules, 2006. DIVISION II.
The Ministry of Corporate Affairs (MCA) has amended Schedule III of Companies Act 2013 (“Act”) on 24 March 2021 to increase transparency and provide additional disclosures to users of financial statements. These amendments are effective from 1 April 2021 onwards.
The Ministry of Corporate Affairs (MCA) has amended Schedule III of Companies Act 2013 on 24th March, 2021 with an objective to increase transparency, provide additional disclosures to users of financial statements and to align disclosures with CARO 2020.
Apr 28, 2023 · Few amendments in Schedule III is made to align with the disclosures requirements of Companies (Auditor's Report) Order, 2020 (CARO 2020). This will facilitate the auditors in reporting CARO 2020, as they are also required to report similar matter in their Audit Report.
