Clarification on Notification No S.O. 447 (E) dated 28.02.2011 on Revised Schedule VI (shall be effective from 01.04.2011).

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.... clarification has been sought that during the current year, Ministry has amended the Schedule VI which is to take effect for accounts closing on 31st March, 2012. During the financial year, in case companies intend to go for Initial Public Offer/Further Public Offer, they are expected to prepare accounts in the new Schedule VI format. If previous figures are reclassified in accordance with new Sc....