Model balance sheet format: government approved alternative presentation allowed with prescriptive disclosure and valuation requirements. The circular supplies a comprehensive model columnar balance sheet for companies seeking Central Government approval to adopt an alternative form to Schedule VI, specifying required classifications and disclosures for share capital, reserves, fixed assets, investments, current assets, loans and advances, borrowings, liabilities, provisions and contingent items, together with valuation, depreciation, revaluation and annexure requirements and particular disclosures concerning related parties and subsidiaries.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Model balance sheet format: government approved alternative presentation allowed with prescriptive disclosure and valuation requirements.
The circular supplies a comprehensive model columnar balance sheet for companies seeking Central Government approval to adopt an alternative form to Schedule VI, specifying required classifications and disclosures for share capital, reserves, fixed assets, investments, current assets, loans and advances, borrowings, liabilities, provisions and contingent items, together with valuation, depreciation, revaluation and annexure requirements and particular disclosures concerning related parties and subsidiaries.
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