Wednesday, October 15, 2014

[aaykarbhavan] Important Update - MCA - Manner of Presentation of Notes under CFS



Dear Professional/ Stakeholder,

 

General Circular No. 39/2014 has been notified by MCA on October 14, 2014 in relation to matters relating to Consolidated Financial Statement.

 

It has been clarified that Schedule III to the Act read with the applicable Accounting Standards does not envisage that a company while preparing its CFS merely repeats the disclosures made by it under stand-alone accounts being consolidated. In the CFS, the company would need to give all disclosures relevant for CFS only.

 

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With Best Regards,

Reema Jain & Associates | M: +91 9582300127 | Web : http://reemajainassociates.com/| Email: reema@reemajainassociates.com

 




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Posted by: Nitesh More <moreassociate@gmail.com>


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