<h1>MCA Clarifies Circular No. 2/2011: Applies to Financial Statements Ending On/After March 31, 2011, u/s 212(8) of Companies Act.</h1> The Ministry of Corporate Affairs issued a clarification regarding Circular No. 2/2011, dated February 8, 2011, concerning directions under Section 212(8) of the Companies Act, 1956. The clarification specifies that the circular will apply to balance sheets and profit and loss accounts prepared for financial years ending on or after March 31, 2011. This directive is addressed to all Regional Directors and Registrars of Companies to ensure compliance with the specified financial reporting requirements.