<h1>India Seeks Public Input on Revised Schedule III of Companies Act for Financial Reporting Compliance by Feb 23, 2016.</h1> The Ministry of Corporate Affairs in India is seeking public comments on the draft revised Schedule III of the Companies Act, 2013. This schedule pertains to companies whose financial statements comply with the Companies (Indian Accounting Standards) Rules, 2015. The draft has been published on the Ministry's website, and stakeholders are invited to submit their suggestions by February 23, 2016. The revised detailed instructions for preparing financial statements, including balance sheets and profit and loss statements, ensuring compliance with the Indian Accounting Standards. It emphasizes additional disclosures and modifications required for financial reporting.