TaxTMI 
TaxTMI 
TaxTMI 
Chapter IX - The Companies (Accounts) Rules, 2014.
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....less the context otherwise requires,- (a) "Act" means the Companies Act, 2013 (18 of 2013); (b) "Annexure" means the Annexure to these rules; (c) "Fees" means the fees as specified in the Companies (Registration Offices and Fees) Rules, 2014; (d) "Form" or 'e-Form" means a form set forth in Annexure to these rules which shall be used for the matter to which it relates; (e) "Schedule" means the Schedule to the Act; (f) "section" means the section of the Act; (2) The words and expressions used in these rules but not defined and defined in the Act or in the Companies (Specification of definitions details) Rules, 2014, shall have the meanings respectively assigned to them in the Act or in the said Rules. 3. Manner of books of account to be kept in electronic mode.- (1) The books of account and other relevant books and papers maintained in electronic mode shall remain accessible in India so as to be usable for subsequent reference. (2) The books of account and other relevant books and papers referred to in sub-rule (1) shall be retained completely in the format in which they were originally generated, sent or received, or in a format which shall present accurately the inf....
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....formation is sought. (3) The company shall produce such financial information to the director within fifteen days of the date of receipt of the written request. (4) The financial information required under sub-rules (2) and (3) shall be sought for by the director himself and not by or through his power of attorney holder or agent or representative. 5. Form of Statement containing salient features of financial statements of subsidiaries.- The statement containing the salient feature of the financial statement of a company's subsidiary or subsidiaries, associate company or companies and joint venture or ventures under the first proviso to sub-section (3) of section 129 shall be in Form AOC-1. 6. Manner of consolidation of accounts.- The consolidation of financial statements of the company shall be made in accordance with the provisions of Schedule III of the Act and the applicable accounting standards: Provided that in case of a company covered under sub-section (3) of section 129 which is not required to prepare consolidated financial statements under the Accounting Standards, it shall be sufficient if the company complies with provisions on consolidated financial statements pr....
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....ign Exchange outgo during the year in terms of actual outflows. (4) Every listed company and every other public company having a paid up share capital of twenty five crore rupees or more calculated at the end of the preceding financial year shall include, in the report by its Board of directors, a statement indicating the manner in which formal annual evaluation has been made by the Board of its own performance and that of its committees and individual directors. (5) In addition to the information and details specified in sub-rule (4), the report of the Board shall also contain - (i) the financial summary or highlights; (ii) the change in the nature of business, if any; (iii) the details of directors or key managerial personnel who were appointed or have resigned during the year; (iv) the names of companies which have become or ceased to be its Subsidiaries, joint ventures or associate companies during the year; (v) the details relating to deposits, covered under Chapter V of the Act,- (a) accepted during the year; (b) remained unpaid or unclaimed as at the end of the year; (c) whether there has been any default in repayment of deposits or payment of interest ther....
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....uage for communication in electronic form to express, report or file financial information by companies under this rule. (3) The fees or additional fees referred to in sub-section (1) of section 137 and in the second proviso to the said sub-section and in sub-section (2) of the said section shall be as specified in the Companies (Registration Offices and Fees) Rules, 2014. 13. Companies required to appoint internal auditor.- (1) The following class of companies shall be required to appoint an internal auditor or a firm of internal auditors, namely:- (a) every listed company; (b) every unlisted public company having- (i) paid up share capital of fifty crore rupees or more during the preceding financial year; or (ii) turnover of two hundred crore rupees or more during the preceding financial year; or (iii) outstanding loans or borrowings from banks or public financial institutions exceeding one hundred crore rupees or more at any point of time during the preceding financial year; or (iv) outstanding deposits of twenty five crore rupees or more at any point of time during the preceding financial year; and (c) every private company having- (i) turnover of two hundred ....
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....encement of such section. Explanation .- For the purposes of this rule - (i) the internal auditor may or may not be an employee of the company; (ii) the term "Chartered Accountant" shall mean a Chartered Accountant whether engaged in practice or not. (2) The Audit Committee of the company or the Board shall, in consultation with the Internal Auditor, formulate the scope, functioning, periodicity and methodology for conducting the internal audit. Annexure Form AOC-I (Pursuant to first proviso to sub-section (3) of section 129 read with rule 5 of Companies (Accounts) Rules, 2014) Statement containing salient features of the financial statement of subsidiaries/associate companies/joint ventures Part "A": Subsidiaries (Information in respect of each subsidiary to be presented with amounts in Rs ) 1. Sl. No. 2. Name of the subsidiary 3. Reporting period for the subsidiary concerned, if different from the holding company's reporting period 4. Reporting currency and Exchange rate as on the last date of the relevant Financial year in the case of foreign subsidiaries. 5. Share capital 6. Reserves & surplus 7. Total assets 8. Total Liabilities 9. Investments 10. Turnover ....
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....f) date(s) of approval by the Board (g) Amount paid as advances, if any: (h) Date on which the special resolution was passed in general meeting as required under first proviso to section 188 2. Details of material contracts or arrangement or transactions at arm's length basis (a) Name(s) of the related party and nature of relationship (b) Nature of contracts/arrangements/transactions (c) Duration of the contracts / arrangements/transactions (d) Salient terms of the contracts or arrangements or transactions including the value, if any: (e) Date(s) of approval by the Board, if any: (f) Amount paid as advances, if any: Form shall be signed by the persons who have signed the Board's report. 36 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II-SEC. 3(i)] FORM AOC-3 (Pursuant to first proviso to sub-section (1) of section 136 of the Act and Rule 10 of Companies (Accounts) Rules, 2014) Statement containing salient features of Balance Sheet and Profit and Loss Account Form of Abridged Financial Statements Name of the Company Abridged Balance Sheet as at(Rupees in .... ) ParticularsFigures at the end of Sr No.Current periodreportingPrevious reporting period (DD/MM/YY)(DD/MM/YY) ....
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....II) X 1.Tax expense 2. Deferred tax XI Profit/(Loss) after tax for the period from continuing operations (IX-X) XII Profit/(loss)from discontinued operations XIIITax expenses of discontinued operations XIVProfit/(loss) from discontinued operations (after tax) (XII-XIII) XV Profit/(Loss) for the year (XI+XIV) XVI Earnings per equity share: (a) Basic (b) Diluted V VII IX X XI Profit/(Loss) after tax for the period from continuing operations (IX-X) XII XV XVI * Details of Revenue from Operations: a) In respect of a company other than a finance company, revenue from operations shall be disclosed as under: (Rupees in .......... ) S.NoParticularsFigures for the current reporting period (DD/MM/YY)Figures for the previous reporting period(DD/MM/YY) ISale of products manufactured IISale of goods traded IIIRevenue from services provided IVOther Operational Revenue [à¤à¤¾à¤— II-खणà¥à¤¡ 3(i)] à¤à¤¾à¤°à¤¤ का राजपतà¥à¤° : असाधारण 39 (b) In respect of a finance company, revenue from operations shall be disclosed as under: (a) Revenue from interest; and (b) R....
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....ting period reporting period 1. Cash flows from Operating activities 2. Cash flows from Investing activities 3. Cash flows from Financing activities 4. Net increase/(decrease) THE GAZETTE OF INDIA : EXTRAORDINARY [PART II-SEC. 3(i)] 40 In cash and cash Equivalents 5. Cash and cash equivalents At the beginning of period 6. Cash and cash equivalents At the end of period 13. Segment revenue, segment capital employed(segment assets minus segment liabilities) and segment result for business segments or geographical segments, whichever is the enterprise's primary basis of segment reporting(disclosure of segment information shall be presented) only if the company is required, in terms of Accounting Standards. 14. Level of rounding off should be the same as in the main balance sheet and the profit and loss account. 15. Where compliance with the requirements of the Act including Accounting Standards as applicable to the companies require any change in treatment or disclosure including addition, amendment, substitution or deletion in the head/subhead or any changes inter se in the financial statements or statements forming part thereof, the same shall be made. The above stat....
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....(DD/MM/YYYY) To (b) * Date of Board of directors' meeting in which balance sheet was approved (DD/MM/YYYY) (c) Details of director(s), Managing Director, manager, secretary of the company who have signed the balance sheet Following details are to be entered only in case date of balance sheet is on or after 1st July '2007 Provide Director Identification number (DIN) in case of director, Managing Director and Income-tax permanent account number (Income-tax PAN) in case of manager, secretary DIN or Income-tax PAN Name(Pre-fill) Designation Date of signing of balance sheet(DD/MM/YYYY) [Information to be provided for each person] 5. (a) * Date of Board of directors' meeting in which Board's report referred to under section 134 was approved (b) Details of director(s), Managing Director who have signed the Board's report Following details are to be entered only in case date of Board of directors' meeting is on or after 1st July' 2007 DIN (Pre-fill)Designation Name Date of signing of Board's report(DD/MM/YYYY) [Information to be provided for each person] 6. * Date of signing of reports on the balance sheet by the auditors 7. (a) * Whether annual general meeting (AGM) held Yes N....
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....areholders' funds (a) Share capital (b) Reserves and surplus (c) Money received against share warrants (2)Share application money pending allotment (3)Non-current liabilities (a) Long-term borrowings (b) Deferred tax liabilities (net) (c) Other long term liabilities (d ) Long term provisions (4)Current liabilities (a)Short-term borrowings (b)Trade payables (c ) Other current liabilities (d) Short-term provisions TOTAL [à¤à¤¾à¤— II-खणà¥à¤¡ 3 (i)] à¤à¤¾à¤°à¤¤ का राजपतà¥à¤° : असाधारण 43 II.ASSETS (1)Non-current assets (a)Fixed assets (i) Tangible assets (ii)Intangible assets (iii) Capital work-in progress (iv) Intangible assets under development (b) Non-current Investments (c ) Deferred tax assets (net) (d)Long-term loans and advances (e ) Other non-current assets (2)Current assets (a) Current investments (b)Inventories (c ) Trade receivables (d) Cash and cash equivalents (e ) Short-term loans and advances (f)Other current assets TOTAL Part I. BALANCE SHEET (Applicable for financial year commencing before 01.04.2011) ParticularsFigures as at the end of (Curren....
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....(unsecured, considered good) Loans and advances due by directors/ other officers of the company (refer note 6.L.(iv) of Schedule III) D. Details of long term loans and advances (doubtful) Current reporting periodPrevious reporting period Capital advances Security deposits Loans and advances to related parties Other loans and advances Total long term loan and advances Less : Provision/ allowance for bad and doubtful loans and advances -From related parties -From others Net long term loan and advances (doubtful) Loans and advances due by directors/ other officers of the company (refer note 6. L(iv) of Schedule III) E. Details of trade receivables ParticularsCurrent reporting periodPrevious reporting period Exceeding six monthsWithin six monthsExceeding six monthsWithin six months Secured, considered good Unsecured, considered good Doubtful Total trade receivables Less: provision/ allowance for bad and doubtful debts Net trade receivables Debt due by (directors/others officers of the company (refer note 6.M(iii) of Schedule III) III. Financial parameters - Balance sheet items (Amount in Rs. ) as on balance sheet date (unless specified otherwise) 1. *Amount of issue for contracts....
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....ng period 42. * Secured Loan 43. * Gross fixed assets (including intangible assets) 44. * Depreciation and amortization 45. * Miscellaneous expenditure to the extent not written off or adjusted [à¤à¤¾à¤— II-खणà¥à¤¡ 3 (i)] à¤à¤¾à¤°à¤¤ का राजपतà¥à¤° : असाधारण 47 IV. Shares capital raised during the reporting period (Amount in Rs.) Equity sharesPreference sharesTotal (a) Public issue (b) Bonus issue (c ) Rights issue (d) Private placement arising out of conversion of debentures/ preference shares (e) Other private placement (f) Preferential allotment arising out of conversion of debentures/ preference shares (g) Other preferential allotment (h) Employee Stock Option Plan (ESOP) (i) Other (j) Total amount of shares capital raised during the reporting period V . Details of qualification(s), reservation(s) or adverse remark(s) made by auditors Yes No 1. * Whether auditors' report has been qualified or has any reservations or contains adverse remarks 2. (a) Auditor's qualification(s), reservation(s) or adverse remark(s) in the auditors' report (b) Director....
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....°à¤¤ का राजपतà¥à¤° : असाधारण 49 (VII)Profit before extraordinary items and tax (V-VI) (VIII)Extraordinary items (IX) Profit before tax (VII-VIII) (X) Tax Expense (1) Current tax (2) Deferred tax (XI) Profit/(Loss) for the period from continuing operations (IX-X) (XII) Profit /(Loss) from discontinuing operations (XIII) Tax expense of discontinuing operations (XIV) Profit/ (Loss) from discontinuing operations (after tax) (XII-XIII) (XV)Profit /(Loss) (XI+XIV) (XVI)Earnings per equity share (1) Basic (2) Diluted (IX) (X) (XI) (XII) (XIII) (XIV) Profit/ (Loss) from discontinuing operations (after tax) (XII-XIII) Part A I. STATEMENT OF PROFIT AND LOSS (Applicable for financial year commencing before 01.4.2011) ParticularsFigures for the period (amount in rupees) (Current financial year) From (DD/MM/YYYY) To (DD/MM/YYYY)Figures for the period (amount in rupees (Previous financial year) From (DD/MM/YYYY) To (DD/MM/YYYY) Domestic turnover (i) Sale of goods manufactured (ii) Sale of goods traded (iii) Sale or supply of services Export turnover (i) Sale of goods manufactured (ii) Sale of goods tr....
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....8 (if applicable) IV. Details related to principal products or services of the company Total number of product/ services category(s) à¤à¤¾à¤°à¤¤ का राजपतà¥à¤° : असाधारण [à¤à¤¾à¤— ।।-खणà¥à¤¡ 3 (i)] 51 Product or service category code (ITC/NPCS 4 digit code) Description of the product or service category Turnover of the product or service category (in Rs) Highest turnover contributing product or service code (ITC/NPCS 8 digit code) Description of the product or service Turnover of highest contributing product or service (in Rs.) Note - Please refer to 'Indian Trade Classification' based on harmonized commodity description and coding system issues by the Ministry of Commerce & Industry for Product Codes and National Product Classification for Services (NPCS) for Services codes issued by Ministry of Statistics & Programme Implementation, Government of India. V. Details of qualification(s), reservation(s) or adverse remark(s) made by auditors. 1. * Whether auditors' report has been qualified or has any reservations or contains adverse remarks N....
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....TRANSACTIONS Disclosure of particulars of contracts/arrangements entered into by the company with related parties referred to in sub- section (1) of section 188 of the Companies Act, 2013 including certain arm's length transactions under third proviso thereto 1. Details of contracts or arrangements or transactions not at arm's length basis (a) Name(s) of the related party and nature of relationship (b) Nature of contracts/arrangements/transactions (c) Duration of the contracts / arrangements/transactions (d) Salient terms of the contracts or arrangements or transactions including the value, if any (e) Justification for entering into such contracts or arrangements or transactions (f) Date(s) of approval by the Board (g) Amount paid as advances, if any: (h) Date on which the special resolution was passed in general meeting as required under first proviso to section 188 2. Details of material contracts or arrangement or transactions at arm's length basis (a) Name(s) of the related party and nature of relationship (b) Nature of contracts/arrangements/transactions (c) Duration of the contracts / arrangements/transactions (d) Salient terms of the contracts or arrangements o....