Key takeaways from amended Schedule III of Companies Act, 2013

The Ministry of Corporate Affairs vide Notification dated 24 March 2020 has amended Schedule III to the Companies Act, 2013, which shall be effective from the 1st day of April 2020. The notification incorporates various additional disclosure requirements while preparing the financial statements of an entity which are covered under the three divisions of Schedule III to the Companies Act, 2013.The Ministry of Corporate Affairs vide Notification dated 24 March 2020 has amended Schedule III to the Companies Act, 2013, which shall be effective from the 1st day of April 2020. The notification incorporates various additional disclosure requirements while preparing the financial statements of an entity which are covered under the three divisions of Schedule III to the Companies Act, 2013.taxmann.com NewsRead More

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