Revised Schedule III of the Companies Act, 2013 ( With Effect From 1st April,2021 )

The Ministry of Corporate Affairs (MCA) has amended Schedule III of Companies Act 2013. These amendments are effective from 1 April 2021 onwards.

Division I is for those Companies, which are following Generally Accepted Accounting Principles in India (GAAP)-Accounting Standard (AS).

In this publication, the Audit and Assurance Team at VKA have highlighted the amendments made.