Disclosure of overdue payments to small scale industrial undertakings requires companies to name creditors with interest outstanding after the prescribed period. The Schedule VI alteration requires that, under 'CURRENT LIABILITIES AND PROVISIONS,' the name(s) of small scale industrial undertaking(s) to whom the company owes any sum together with interest outstanding for more than thirty days must be disclosed in the balance sheet; the notification takes effect on publication in the Official Gazette.
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 overdue payments to small scale industrial undertakings requires companies to name creditors with interest outstanding after the prescribed period.
The Schedule VI alteration requires that, under "CURRENT LIABILITIES AND PROVISIONS," the name(s) of small scale industrial undertaking(s) to whom the company owes any sum together with interest outstanding for more than thirty days must be disclosed in the balance sheet; the notification takes effect on publication in the Official Gazette.
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