TaxTMI 
TaxTMI 
Chapter IX - The Companies (Accounts) Rules, 2014.
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..... Definitions.- (1) In these rules, unless 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 origina....
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....hall furnish a request to the company setting out the full details of the financial information sought, the period for which such information 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 sta....
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.... not taken place, and the reasons thereof; and (iv) the expenditure incurred on Research and Development. (C) Foreign exchange earnings and Outgo- The Foreign Exchange earned in terms of actual inflows during the year and the Foreign 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 co....
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....y the Central Government from time to time, shall mandatorily file their financial statement in Extensible Business Reporting Language (XBRL) format and the Central Government may specify the manner of such filing under such notification for such class of companies. Explanation.- For the purposes of this sub-rule, the term "Extensible Business Reporting Language" means a standardised language 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....
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....of time during the preceding financial year; and (c) every private company having- (i) turnover of two hundred crore rupees or more during the preceding financial year; or (ii) 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: Provided that an existing company covered under any of the above criteria shall comply with the requirements of section 138 and this rule within six months of commencement 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 stateme....
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....cts/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 arms 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 or transactions includi....
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....pany's website at link. Abridged Profit and Loss Account for the year ended on (Rupees in .. Sr.No. Particulars Figures for the current reporting period(DD/MM/YY) Figures for the previous reporting period(DD/MM/YY) I Income Revenue from operations(details to be given as per *) II Other Income III Total Income(I+II) IV Expenditure (a) Cost of materials consumed (b) Purchase of stock-in-trade (c) Changes in inventories of finished goods, work-in-progress and stock-in-trade (d) Employee benefit expense (e) Finance costs (f) Depreciation and amortisation expenses THE GAZETTE OF INDIA : EXTRAORDINARY 38 [PART II-SEC. 3(i)] (g) Other expenses Total Expenditure (a to g) V Profit before exceptional and extraordinary items and tax (III-IV) VI Exceptional items VII Profit before extraordinary items and tax (V-VI) VIII Extraordinary items IX Profit/(loss) before tax (VII-VIII) 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 XIII Tax expenses of discontinued operations XIV Profit/(loss) fro....
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....ng the reporting period. (c) Material events affecting the going concern assumption. (d) Investigation and inspection conducted or ordered under the provisions of Companies Act, 2013. (e) Non-compliance with any law during the reporting period. (f) Any other note considered significant by the management. 8. Book value and Market value of quoted Investments (both for current year as well as previous year) be mentioned. 9. Notes in the abridged balance sheet should be given the same number as in the main balance sheet. 10. Disclosure of Related Party Transaction shall be made in terms of the requirements of Accounting Standards. 11. Details of cash and cash equivalents shall be disclosed as follows: (a) Balances with banks; (b) Cheques, drafts on hand; (c) Cash in hand; (d) Others ( specify nature) 12. In terms of Accounting Standard (AS)3, Cash Flow Statement, wherever required and notified, the following abridged Cash Flow Statement shall be included: Abridged Cash Flow Statement Figures for the current Figures for the previous reporting period reporting period 1. Cash flows from Operating activities 2. Cash flows from Invest....
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.... statement filing and financial other [See section 137 of the Companies Act, 2013 and Rule 12(1) of Companies (Accounts) Rules, 2014 documents with the Registrar Form for statement filing and Note- -All fields marked in *are to be mandatorily filled. -Figures appearing in the e-Form should be entered in Absolute Rupees only. Figures should not be rounded off in any other unit like hundreds, thousands, lakhs, millions or crores. Authorised capital of the company as on the date of filing (in Rs.) Number of members of the company as on the date of filing SEGMENT- I: INFORMATION AND PARTICULARS IN RESPECT OF BALANCE SHEET Part A I. General information of the company 1. (a) Corporate identity number (CIN) of company (Pre-fill) (b) Global location number (GLN) of company 2. Name of the company à¤à¤¾à¤°à¤¤ का राजपतà¥à¤° : असाधारण [à¤à¤¾à¤— II-खणà¥à¤¡ 3 (i)] 41 3. (a) Address of the registered office of the company (b) *e-mail ID of the company 4(a) *Financial year to which balance sheet relates From (DD....
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....e) Address of the auditor or auditor's firm Line I Line II City * State Country *Pin code (f) Details of the member representing the above firm Name Membership number (g) * SRN of Form relating to appointment of auditors [Information to be provided for each person] 11. (a) In case of a government company, whether Comptroller and Auditor-General of India (CAG of India) has commented upon or supplemented the audit report under section 143 of the Companies Act, 2013 Yes No (b) Provided details of comment(s) or supplement(s) received from CAG of India (c) Director's reply(s) on comments received from CAG of India (d) Whether CAG of India has conducted supplementary or test audit under section 143 _Yes _ No Yes _NO 12. (a) *Whether Schedule III of the Companies Act, 2013 is applicable (b)*Type of Industry Note: In case the type of industry is other than Banking or Power or Insurance or NBFC, then select Commercial and Industrial (C&I). Part -B I. BALANCE SHEET (As per Schedule III to the Companies Act, 2013 applicable for the financial year commencing on or after 1.4.2011) Particulars Figures as at the end of (Current reporting p....
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....ss account Other (Please specify) TOTAL 0.00 0.00 II. Detailed Balance sheet items (Amount in Rs. ) as on balance sheet date (Applicable in case of financial year commencing on or after 01.04.2011) A. Details of long term borrowings (unsecured) Particulars Current reporting period Previous reporting period Bonds/ debentures Term Loans -From banks -From other parties Deferred payment liabilities Deposits Loans and advances from related parties Long term maturities of financial lease obligations Other loans & advances Total long term borrowings (unsecured) Out of above total, aggregate amount guaranteed by directors B. Details of short term borrowings (unsecured) Particulars Currents reporting period Previous reporting period Loans repayable on demand -From banks -From other parties Loans and advances from related parties Deposits Other loans and advances Total short term borrowings (unsecured) Out of above total, aggregate amount guaranteed by directors C. Details of long term loans and advances (unsecured, considered good) Particulars Current reporting period Previous reporting period Capital adv....
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....iod 10. * Deposits matured and claimed but not paid 11. * Deposits matured, but not claimed 12. * Unclaimed matured debentures 13. * Debentures claimed but not paid 14. * Interest on deposits accrued and due but not paid 15. * Unpaid dividend 16. * Investment in subsidiary companies 17. * Investment in government companies 18. * Capital reserve 19. * Amount due for transfer to Investor Education and Protection Fund (IEPF) 20. * Inter-corporate deposits 21. * Gross value of transaction as per AS- 18 (if applicable) 22. * Capital subsidies or grants received from government authority(s) 23. * Calls unpaid by directors 24. * Calls unpaid by others 25. * Forfeited shares (amount originally paid-up) 26. * Forfeited shares reissued 27. * Borrowing from foreign institutional agencies 28. * Borrowing from foreign companies 29. * Inter-corporate borrowings -secured 30. * Inter-corporate borrowings -unsecured 31. * Commercial Paper 32. * Conversion of warrants into equity shares during the reporting period 33. * Conversion of warrants into preference shares during the reporting period 34. * Conversion of warrants into....
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....s given or taken by the company Related Party Transactions/Section 188 Acceptance of Public Deposits Maintenance of Cost records Statutory dues End use of borrowed funds Special statute - chit fund companies Nidhi/ mutual benefit fund-special aspects Financing companies -special aspects Term loans Preferential allotments Disclosure of end use of funds THE GAZETTE OF INDIA : EXTRAORDINARY 48 [PART II-SEC. 3(i)] Others VII. Details related to cost records and cost audit 1. * Whether maintenance of cost records by the company has been mandated under Cost Accounting Record Rules Yes _No 2. * Whether audit of cost records of the company has been mandated by Central Government _ Yes _ No 3. If yes, names of the product of activity groups under cost audit SEGMENT II: INFORMATION AND PARTICULARS IN RESPECT OF PROFIT AND LOSS ACCOUNT Part- A I. STATEMENT OF PROFIT AND LOSS (As per Schedule III to the Companies Act, 2013 applicable for the financial year commencing on or after 1.4.2011) Figures for the period (Current reporting period)(in.) From (DD/MM/YYYY) To (DD/MM/YYYY) Figures for the period (Previous reporting period) ....
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.... Consumption of stores and spare parts (see note 3) (Increase) or decrease in finished goods, work-in-progress Salaries, wages and bonus Managerial remuneration Payment of auditors Interest Insurance expenses Power and fuel Depreciation and amortization Other expenditure Total expenditure Net Profit or Net Loss (before tax and appropriation) Income tax including deferred tax THE GAZETTE OF INDIA : EXTRAORDINARY [PART II-SEC. 3(i)] 50 Note 1: Raw material consumed is to be given as per following calculation :- Opening stock of raw materials+ purchase of raw materials- closing stock of raw materials :- Not 2: Purchase made for re-sale is to be given as per following calculation- Opening stock of goods traded + purchases of goods traded- closing stock of goods traded :- Note 3: Consumption of stores and spare parts to be given as per following calculation :- Opening stock of stores and spares + purchases of stores and spares - closing stock of store and spare II. Detailed Profit and Loss items (Amount in) (applicable in case of financial year commencing on or after 01.04.2011) A. Details of earning in foreign exchange P....
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....vations or contains adverse remarks No Yes 2. (a) Auditor's qualification(s), reservation(s) or adverse remark(s) in the auditors' report (b) Director's comments on qualification(s), reservation(s) or adverse remark of the auditors as per Board's report Segment C: Reporting of Corporate Social Responsibility (CSR) 1. * Period for which CSR is being reported From (DD/MM/YYYY) To 2. (a) *Whether information includes information about subsidiary company(s) (DD/MM/YYYY) Yes No (b) If yeas, then indicate number of such subsidiary company(s) 3. (a) *Whether information includes information about any other entity(s) Yes No (e.g. supplies, value chain etc.) (b) If yes, then indicate number of such entity(s) 4. (a) *Does the company have a written CSR policy If yes, attach a copy Yes No (b) Brief contents of the CSR policy _ Overview of projects or preforms proposed to be undertaken We-link of company at which CSR policy is places Web link projects or performs undertaken Others 5. The Composition of the CSR Committee 6. Average net profit of the company for last three financial years. 7. Prescribed CSR Expenditure (two per....