Disclosure of unutilised issue proceeds must be separately shown and the form of investment specified in the balance sheet. The amendment inserts a new Investments item, Balance of unutilised monies raised by issue, into Part I of Schedule VI and requires that all unutilised monies out of an issue be separately disclosed in the balance sheet with an indication of the form in which such unutilised funds have been invested, both under the Investment sub-heading and against Bank Balances under Current Assets, Loans and Advances.
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.
Disclosure of unutilised issue proceeds must be separately shown and the form of investment specified in the balance sheet.
The amendment inserts a new Investments item, Balance of unutilised monies raised by issue, into Part I of Schedule VI and requires that all unutilised monies out of an issue be separately disclosed in the balance sheet with an indication of the form in which such unutilised funds have been invested, both under the Investment sub-heading and against Bank Balances under Current Assets, Loans and Advances.
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