Form of Financial Statements: standardised annual reporting formats prescribe balance sheet, cash, income statements, schedules and disclosures. Prescribes the Form of Financial Statements under the CCI (Form of Annual Statement of Accounts) Rules, 2009, including a Balance Sheet with specified fund, liability and asset heads, mandatory schedules for reserves, loans, investments and fixed assets, and required disclosures of Significant Accounting Policies and Contingent Liabilities. Also mandates standard Receipt and Payment and Income and Expenditure statements with defined receipt and payment categories, income and expenditure schedules, and provisions for transfers to reserves and carrying surplus or deficit to corpus/capital fund.
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Provisions expressly mentioned in the judgment/order text.
Form of Financial Statements: standardised annual reporting formats prescribe balance sheet, cash, income statements, schedules and disclosures.
Prescribes the Form of Financial Statements under the CCI (Form of Annual Statement of Accounts) Rules, 2009, including a Balance Sheet with specified fund, liability and asset heads, mandatory schedules for reserves, loans, investments and fixed assets, and required disclosures of Significant Accounting Policies and Contingent Liabilities. Also mandates standard Receipt and Payment and Income and Expenditure statements with defined receipt and payment categories, income and expenditure schedules, and provisions for transfers to reserves and carrying surplus or deficit to corpus/capital fund.
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