Guidance note on Schedule III of companies Act, 2013 (Revised in January 2022 )-ICAI
The Government of India has always been taking many initiatives to promote the Corporate Governance framework in India. It is a well-known fact that transparency is considered as one of the most important underlying factors to improve corporate governance. In this direction, the Ministry of Corporate Affairs (MCA) has revised the Schedule III to the Companies Act, 2013 vide notification dated 24th March 2021 by introducing additional disclosure requirements in the financial statements to improve governance.
These amendments have significant disclosure requirements in the financial statements of the Company. Along with this, it also has a major impact on the accounting professionals as well as on the stakeholders of the Company and are directed at enabling the higher level of corporate governance for the companies.
Considering the need to provide guidance in view of the significant amendments made in Schedule III to the Companies Act, 2013, Corporate Laws & Corporate Governance Committee (CLCGC) of ICAI has undertaken the task of revising the Guidance Note on Division I, II, III
Download Guidance Note from given link :
Guidance Note on Division I – Non Ind AS Schedule III to the Companies Act 2013 issued by CL&CGC ICAI – (24-01-2022)
https://resource.cdn.icai.org/68981clcgc55147-gnd1.pdf
Guidance Note on Division II – Ind AS Schedule III to the Companies Act 2013 issued by CL&CGC ICAI – (24-01-2022)
https://resource.cdn.icai.org/68982clcgc55147-gnd2.pdf
Guidance Note on Division III to Schedule III to the Companies Act 2013 for NBFC that is required to comply with Ind AS issued by CL&CGC ICAI – (24-01-2022)
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