MAT - Preparation of Statement Profit & Loss Account - [ Section 115JB(2) ]

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....vious year in accordance with the provisions of Schedule III to the Companies Act, 2013. c * (b) Every insurance or banking company or any company engaged in the generation or supply of electricity, or to any other class of company for which a form of financial statement has been specified in or under the Act governing such class of company [ second proviso to section 129(1) of the Companies Act....

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....id before the company at its annual general meeting in accordance with the provisions of section 129 of Companies Act, 2013. * (d) Where the Financial year adopted by the company under the Companies act, 2013 which is different from the previous year under this Act- * the accounting policies * the accounting standards adopted for preparing such accounts including statement of profit and loss....