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What is Section 129 of Companies Act 2013 - financial statement?
What is Section 129?
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Learn about the requirements and exemptions for preparing and laying financial statements of companies under section 129 of the Companies Act, 2013. Find out the applicable rules, forms and accounting standards for different types of companies and subsidiaries.
6 days ago · Learn about the requirements and format of financial statements of companies under section 129 of Companies Act 2013. Find out the accounting standards, exemptions, penalties and examples of financial statements.
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THE COMPANIES ACT, 2013 _____ ARRANGEMENT OF SECTIONS _____ 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. 4. Memorandum. 5. Articles. 6. Act to override memorandum, articles, etc. 7. Incorporation of ...
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Section 129 of the Companies Act 2013 deals with the financial statements of companies. It specifies the requirements, forms, accounting standards, exemptions and penalties for financial statements and consolidated financial statements.
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.
May 14, 2024 · The Central Government may, on its own or on an application by a class or classes of companies, by notification, exempt any class or classes of companies from complying with any of the requirements of this section or the rules made thereunder, if it is considered necessary to grant such exemption in the public interest and any such exemption may...