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October 2011

Applicability of Revised Schedule VI for Companies having IPO/FPO.

By Gaurang Gandhi | Chartered Accountant
Reading Time 1 mins
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The Ministry of Corporate Affairs vide Circular has clarified that the Notification No. S.O. 447(E), dated 28-2-2011 pertaining to the Revised Schedule VI, will apply to accounts for the year ending on 31st March 2012. The Ministry has now clarified that the Financial Statements made for the limited purpose of IPO/FPO during financial year 2011-12 may be made in the revised Schedule VI to avoid administrative difficulties and unrealistic comparison.

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