Financial statement compliance: mandatory Schedule III format and adherence to Accounting Standards or Indian Accounting Standards; specified filing forms required. The 2015 amendment defines Indian Accounting Standards, mandates that financial statements follow Schedule III and comply with applicable Accounting Standards or Indian Accounting Standards, exempts defence-producing Government companies from furnishing certain information under rule 8(3), and requires filing of financial statements with the Registrar using Form AOC-4 and consolidated statements using Form AOC-4 CFS, with substituted Annexure forms for statutory compliance under section 137.
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.
Financial statement compliance: mandatory Schedule III format and adherence to Accounting Standards or Indian Accounting Standards; specified filing forms required.
The 2015 amendment defines Indian Accounting Standards, mandates that financial statements follow Schedule III and comply with applicable Accounting Standards or Indian Accounting Standards, exempts defence-producing Government companies from furnishing certain information under rule 8(3), and requires filing of financial statements with the Registrar using Form AOC-4 and consolidated statements using Form AOC-4 CFS, with substituted Annexure forms for statutory compliance under section 137.
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