Exemption from Schedule III disclosure: defence and space public companies may omit specified profit and loss items subject to compliance conditions. The Central Government, under sub-section (6) of section 129, exempts government companies producing Defence Equipment and Space Research from disclosing specified Additional Information items in the Statement of Profit and Loss (paras 5(ii)(a)(1), 5(ii)(a)(2), 5(ii)(e), 5(iii), 5(viii)(a),(b),(c),(e) of Schedule III), subject to board consent, disclosure of the exemption in the notes, compliance with accounting standards, true and fair presentation, and retention/provision of information to regulators.
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Exemption from Schedule III disclosure: defence and space public companies may omit specified profit and loss items subject to compliance conditions.
The Central Government, under sub-section (6) of section 129, exempts government companies producing Defence Equipment and Space Research from disclosing specified Additional Information items in the Statement of Profit and Loss (paras 5(ii)(a)(1), 5(ii)(a)(2), 5(ii)(e), 5(iii), 5(viii)(a),(b),(c),(e) of Schedule III), subject to board consent, disclosure of the exemption in the notes, compliance with accounting standards, true and fair presentation, and retention/provision of information to regulators.
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