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of <h1>Companies Act: Use Revised Schedule VI for Financials Post-March 2012; Pre-Revised Allowed for 2011-12 IPOs/FPOs.</h1> The circular addresses the implementation of the Revised Schedule VI under the Companies Act, 1956, effective from April 1, 2011. It clarifies that for the financial year 2011-12, companies undertaking an Initial Public Offer (IPO) or Further Public Offer (FPO) may present financial statements using the pre-revised Schedule VI format to avoid administrative burdens. However, for periods beyond March 31, 2012, companies must adopt the new Schedule VI format for financial statements. Additionally, companies are required to prepare and file annual accounts for the financial year 2011-12 in accordance with the revised Schedule VI. Approval from the Corporate Affairs Minister is noted.
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