Change in the applicability date of revised Schedule VI of the Companies Act, 1956

Ministry of Corporate Affairs (MCA) had earlier announced on its website that the revised Schedule VI is applicable from the financial year 2010-11 onwards.

Now On 25 March 2011, the MCA has changed this note on the website to state that the revised Schedule VI will apply from 1 April 2011.

Now Balance Sheet as on 31.3.2011 as per old format.