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SECTION 129. FINANCIAL STATEMENT [Effective from 1st April, 2014] (1) The financial statements shall give a true and fair view of the state of affairs of the company or companies, comply with the accounting standards notified under section 133 and shall be in the form or forms as may be provided for different class or.
THE COMPANIES ACT, 2013 _____ ARRANGEMENT OF SECTIONS Last update-29-7-2022 _____ CHAPTER I PRELIMINARY SECTIONS 1. Short title, extent, commencement and application. 2. Definitions. CHAPTER II INCORPORATION OF COMPANY AND MATTERS INCIDENTAL THERETO 3. Formation of company. 3A. Members severally liable in certain cases. 4. Memorandum. 5.
Jul 11, 2024 · Financial statement. ( 1) The financial statement shall give a true and fair view of the state of affairs of the company or companies, comply with the accounting standards notified under section 133 and shall be in the form or forms as may be provided for different class or classes of companies in Schedule III:
Apr 29, 2020 · The Companies Act, 2013 in its Section 129 along with Rule 6 of the Companies (Accounts) Rules, 2014, and Accounting Standard 21 govern the provision related to the consolidation of the financial statement.
May 1, 2024 · In India, Section 129 of the Companies Act, 2013 states that companies must prepare and present their financial statements which provide a ‘true and fair view’ of the state of affairs of the company.
Section 129 in The Companies Act, 2013. 129. Financial statement.—. (a) in the case of an insurance company, any matters which are not required to be disclosed by the Insurance Act, 1938 (4 of 1938), or the Insurance Regulatory and Development Authority Act, 1999 (41 of 1999);
Nov 13, 2023 · According to Section 129 of the Companies Act of 2013 (the Act), the financial statements of the Company shall be prepared in accordance with Schedule Ill of the Act and shall offer a true and fair representation of the Company’s state of affairs and comply with all relevant accounting standards.
Jan 29, 2015 · Sub Section (3) of Section 129 of the Companies Act, 2013 mandates every company to prepare a consolidated financial statement for all the Companies having one or more subsidiaries.
Feb 7, 2023 · Sections 128 and 129 of the Companies Act, 2013 provide for the punishment of fraud committed by companies in India and also describe the procedures to be followed when investigating fraud. Companies have a number of obligations under the act with respect to fraud prevention and detection.
Sep 11, 2023 · Amended and updated notes on section 129 of Companies Act 2013. Detail discussion on provisions and rules related to financial statement. Chapter IX (Sections 128 – 138 ) of the Companies Act, 2013 (CA 2013) deals with the provisions related to accounts of companies.
