Exemption for tea companies limits disclosure to green leaf quantities and stocks; purchased green leaf requires value disclosure. Exemption under section 211(3) of the Companies Act relieves tea cultivation/processing companies from disclosing the Schedule VI item specified in para 3(ii)(a)(1), provided they disclose in the profit and loss account the quantity and other particulars (excluding value) of green leaf tea produced and processed with opening and closing stock, and, where green leaf is purchased, disclose the value of purchases along with quantity, particulars and opening and closing stock; the exemption is effective for three years from Gazette publication.
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.
Exemption for tea companies limits disclosure to green leaf quantities and stocks; purchased green leaf requires value disclosure.
Exemption under section 211(3) of the Companies Act relieves tea cultivation/processing companies from disclosing the Schedule VI item specified in para 3(ii)(a)(1), provided they disclose in the profit and loss account the quantity and other particulars (excluding value) of green leaf tea produced and processed with opening and closing stock, and, where green leaf is purchased, disclose the value of purchases along with quantity, particulars and opening and closing stock; the exemption is effective for three years from Gazette publication.
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