9 revised schedule vi in excel (1)

Foreword & Approach in the Preparation of this document

Foreword

Approach Used

The accompanying worksheets provide a detailed comparison of the provisions of Revised Schedile VI to the Companies Act, 1956 and the provisions as per the Old Schedule VI to the Companies Act, 1956

The Provisions of the Revised Schedule VI have been incorporated in an excel sheet and hyperlinks have been created for ready reference and ease of use.

It is essential to go through the 'General Instructions for Preparation of Balance Sheet and Profit and Loss Account'.

Separate worksheets for each line items of Balance Sheet and Profit & Loss Account have been prepared for clarity in understanding

All the new insertions are written in Bold font

New insertions / amendments which are very critical for the preparation and presentation of Financial Statements are highlighted in Blue.

Detailed provisions as per Revised Schedule VI have been stated with Remarks to indicate the amendments / insertions in comparison with Old Schedule VI

Illustrative Disclosures in the Notes to Accounts have been prepared in tabular form / in the form of schedules which can be used for preparation of Financial Statements in accordance with the Revised Schedule VI

Wherever the requirements of the Revised Schedule VI are more descriptive in nature, appropriate disclosure are to be inserted by the Management. To indicate the same -"apropriate disclosures to comply with this point to be made by the management" has been given at relevant places

In case of Balance Sheet items, provisions as per Old Schedule VI are also stated with Remarks below the 'Illustrative disclosures' to indicate the amendments / insertions / deletions in comparison with Revised Schedule VI

In case of Statement of Profit & Loss , detailed comparison of the provisions of Revised Schedule VI and the provisions as per Old Schedule VI have been provided in a separate sheet

Haribhakti & Co.

Sr No.

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2

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4

Turnover Rounding off(i) less than one hundred crore rupees

(ii) one hundred crore rupees or more

Once a unit of measurement is used, it should be used uniformly in the Financial Statements.

5

6 For the purpose of this Schedule, the terms used herein shall be as per the applicable Accounting Standards.

Sr No. GENERAL INSTRUCTIONS FOR PREPARATION OF BALANCE SHEET 1

2

GENERAL INSTRUCTIONS FOR PREPARATION OF BALANCE SHEET AND

STATEMENT OF PROFIT AND LOSS OF A COMPANY

Where compliance with the requirements of the Act including Accounting Standards as applicable to the companies require any change in treatment or disclosure including addition, amendment, substitution or deletion in the head/sub-head or any changes interse, in the financial statements or statements forming part thereof, the same shall be made and the requirements of the Schedule VI shall stand modified accordingly.

The disclosure requirements specified in Part I and Part II of this Schedule are in addition to and not in substitution of the disclosure requirements specified in the Accounting Standards prescribed under the Companies Act, 1956. Additional disclosures specified in the Accounting Standards shall be made in the notes to accounts or by way of additional statement unless required to be disclosed on the face of the Financial Statements. Similarly, all other disclosures as required by the Companies Act shall be made in the notes to accounts in addition to the requirements set out in this Schedule.

Notes to accounts shall contain information in addition to that presented in the Financial Statements and shall provide where required (a) narrative descriptions or disaggregations of items recognized in those statements and (b) information about items that do not qualify for recognition in those statements.

Each item on the face of the Balance Sheet and Statement of Profit and Loss shall be cross-referenced to any related information in the notes to accounts. In preparing the Financial Statements including the notes to accounts, a balance shall be maintained between providing excessive detail that may not assist users of financial statements and not providing important information as a result of too much aggregation.

Depending upon the turnover of the company, the figures appearing in the Financial Statements may be rounded off as below:

To the nearest hundreds, thousands, lakhs or millions, or decimals thereof.

To the nearest, lakhs, millions or crores, or decimals thereof.

Except in the case of the first Financial Statements laid before the Company (after its incorporation) the corresponding amounts (comparatives) for the immediately preceding reporting period for all items shown in the Financial Statements including notes shall also be given.

An asset shall be classified as current when it satisfies any of the following criteria: (a) it is expected to be realized in, or is intended for sale or consumption in, the company’s normal operating cycle;(b) it is held primarily for the purpose of being traded;(c) it is expected to be realized within twelve months after the reporting date; or(d) it is cash or cash equivalent unless it is restricted from being exchanged or used to settle a liability for at least twelve months after the reporting date.

All other assets shall be classified as non-current.

An operating cycle is the time between the acquisition of assets for processing and their realization in cash or cash equivalents. Where the normal operating cycle cannot be identified, it is assumed to have a duration of 12 months.

Haribhakti & Co.

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A liability shall be classified as current when it satisfies any of the following criteria:(a) it is expected to be settled in the company’s normal operating cycle;(b) it is held primarily for the purpose of being traded;(c) it is due to be settled within twelve months after the reporting date; or(d) the company does not have an unconditional right to defer settlement of the liability for at least twelve months after the reporting date. Terms of a liability that could, at the option of the counterparty, result in its settlement by the issue of equity instruments do not affect its classification.

All other liabilities shall be classified as non-current.

A receivable shall be classified as a ‘trade receivable’ if it is in respect of the amount due on account of goods sold or services rendered in the normal course of business.

A payable shall be classified as a ‘trade payable’ if it is in respect of the amount due on account of goods purchased or services received in the normal course of business.

GENERAL INSTRUCTIONS FOR PREPARATION OF STATEMENT OF PROFIT AND LOSS

The provisions of this Part shall apply to the income and expenditure account referred to in sub-section (2) of Section 210 of the Act, in like manner as they apply to a statement of profit and loss.

Haribhakti & Co.

PART I – Form of BALANCE SHEET

Notes :

Name of the Company…………………….

Balance Sheet as at ………………………

Particulars

1 2 3 4

I. EQUITY AND LIABILITIES

1 Shareholders’ funds

(a)

(b)

(c) Money received against share warrants

2 Share application money pending allotment

3 Non-current liabilities

(a)

(b) Deferred tax liabilities (Net)

(c)

(d)

4 Current liabilities

(a)

(b) Trade payables

(c)

(d)

TOTAL

II. ASSETS

Non-current assets

1 (a)

(i) Tangible assets

(ii) Intangible assets

(iii) Capital work-in-progress

(iv) Intangible assets under development

(b)

(c) Deferred tax assets (net)

(d)

(e)

2 Current assets

(a)

(b)

(c)

(d)

(e)

(f)

TOTAL

This part of Schedule sets out the minimum requirements for disclosure on the face of the Balance Sheet, and the Statement of Profit and Loss (hereinafter referred to as “Financial Statements” for the purpose of this Schedule) and Notes. Line items, sub-line items and sub-totals shall be presented as an addition or substitution on the face of the Financial Statements when such presentation is relevant to an understanding of the company’s financial position or performance or to cater to industry/sector-specific disclosure requirements or when required for compliance with the amendments to the Companies Act or under the Accounting Standards.

( ` in…………) Note No.

Figures as at the end of current reporting period

Figures as at the end of previous reporting period

Share capital

Reserves and surplus

Long-term borrowings

Other Long term liabilities

Long-term provisions

Short-term borrowings

Other current liabilities

Short-term provisions

Fixed assets

Non-current investments

Long-term loans and advances

Other non-current assets

Current investments

Inventories

Trade receivables

Cash and cash equivalents

Short-term loans and advances

Other current assets

Haribhakti & Co.

Haribhakti & Co.

PART II - Form of STATEMENT OF PROFIT AND LOSS

Notes :

Name of the Company…………………….

Profit and loss statement for the year ended ………………………

Particulars

I.

II.

III. Total Revenue (I + II)

IV. Expenses:

Cost of materials consumed

Purchases of Stock-in-Trade

Employee benefits expense

Depreciation and amortization expense

Other expenses

Total expenses

V.

VI. Exceptional items

VII. Profit before extraordinary items and tax (V - VI)

VIII. Extraordinary Items

IX. Profit before tax (VII- VIII)

X Tax expense:

(1) Current tax

(2) Deferred tax

XI

XII Profit/(loss) from discontinuing operations

XIII Tax expense of discontinuing operations

XIV

XV Profit (Loss) for the period (XI + XIV)

XVI Earnings per equity share:

(1) Basic

This part of Schedule sets out the minimum requirements for disclosure on the face of the Balance Sheet, and the Statement of Profit and Loss (hereinafter referred to as “Financial Statements” for the purpose of this Schedule) and Notes. Line items, sub-line items and sub-totals shall be presented as an addition or substitution on the face of the Financial Statements when such presentation is relevant to an understanding of the company’s financial position or performance or to cater to industry/sector-specific disclosure requirements or when required for compliance with the amendments to the Companies Act or under the Accounting Standards.

( ` in…………)Refer Note No.

Figures for the current reporting period

Figures for the previous reporting period

Revenue from operations

Other income

Changes in inventories of finished goods work-in-progress and Stock-in-Trade

Finance costs

Profit before exceptional and extraordinary items and tax (III-IV)

Profit (Loss) for the period from continuing operations (VII-VIII)

Profit/(loss) from Discontinuing operations (after tax) (XII-XIII)

Haribhakti & Co.

(2) Diluted

Haribhakti & Co.

Revised Schedule VIAs per Point No. 6A of General Instructions for Preparation of Balance Sheet

A Share Capital

Existing (Note 1)a the number and amount of shares authorized;

b the number of shares issued, subscribed and fully paid, and subscribed but not fully paid;

c par value per share;

d

e

f

g

h

i

j Existing (Note 7)

k Calls unpaid (showing aggregate value of calls unpaid by directors and officers)

l Forfeited shares (amount originally paid up) Existing (Note 7)

Illustrative disclosure of the above requirements in the Notes to Accounts

Note 1Disclosure pursuant to Note no. 6(A)(a,b & c) of Part I of Schedule VI to the Companies Act, 19

Share Capital As at 31 March 20X1 As at 31 March 20X0

Number ` Number `

Authorised

Issued

Subscribed & Paid up

Subscribed but not fully Paid up

Total - - - -

Remark / Illustrative Disclosure

For each class of share capital (different classes of preference shares to be treated separately):

a reconciliation of the number of shares outstanding at the beginning and at the end of the reporting period;

New Insertion ( Note 2)

the rights, preferences and restrictions attaching to each class of shares including restrictions on the distribution of dividends and the repayment of capital;

New Insertion (Note 7)

shares in respect of each class in the company held by its holding company or its ultimate holding company including shares held by or by subsidiaries or associates of the holding company or the ultimate holding company in aggregate;

Existing ( Note 3)

shares in the company held by each shareholder holding more than 5 percent shares specifying the number of shares held


shares reserved for issue under options and contracts/commitments for the sale of shares/disinvestment, including the terms and amounts;


For the period of five years immediately preceding the date as at which the Balance Sheet is prepared:


a) Aggregate number and class of shares allotted as fully paid up pursuant to contract(s) without payment being received in cash.b) Aggregate number and class of shares allotted as fully paid up by way of bonus shares.c) Aggregate number and class of shares bought back.

Terms of any securities convertible into equity/preference shares issued along with the earliest date of conversion in descending order starting from the farthest such date.

Existing ( Note 6)

__% preference shares of `___ each

Equity Shares of ` ___ each


Equity Shares of ` ___ each


Equity Shares of ` ___ each fully paid

___ % preference shares of `___each, not fully paid up

Equity Shares of ` ___ each, not fully paid up

Haribhakti & Co.

Note 2

ParticularsEquity Shares Preference Shares

Number ` Number `

Shares Issued during the year

- - - -

Note 3 Disclosure pursuant to Note no. 6(A)(f) of Part I of Schedule VI to the Companies Act, 1956

____ Equity Shares (Previous year) are held by ____, the holding company.

Note 4

Name of Shareholder As at 31 March 20X1 As at 31 March 20X0

% of Holding % of Holding

Note 5

Particulars Year (Aggregate No. of Shares)

20X0-X1 20X1-X2 20X2-X3 20X3-X4 20X4-X5

Equity Shares :

Shares bought back

Preference Shares :

Shares bought back

Note 6 Disclosure pursuant to Note no. 6(A)(k) of Part I of Schedule VI to the Companies Act, 1956

Unpaid Calls `

By Directors

By Officers

Note 7 Appropriate disclosures to comply with this point to be made by the Management

Disclosure pursuant to Note no. 6(A)(d) of Part I of Schedule VI to the Companies Act, 1956 (Following disclosure should be made for each class of Shares)

Shares outstanding at the beginning of the year

Shares bought back during the year

Shares outstanding at the end of the year

Above disclosure is required for each class of Shares held by its holding company or its ultimate holding company including shares held by or by subsidiaries or associates of the holding company or the ultimate holding company in aggregate.

Disclosure pursuant to Note no. 6(A)(g) of Part I of Schedule VI to the Companies Act, 1956 (if more than 5%)

No. of Shares held

No. of Shares held

Disclosure pursuant to Note no. 6(A)(i) of Part I of Schedule VI to the Companies Act, 1956 (Following disclosure should be made for each class of Shares)

Fully paid up pursuant to contract(s) without payment being received in cash

Fully paid up by way of bonus shares

Fully paid up pursuant to contract(s) without payment being received in cash

Fully paid up by way of bonus shares

Haribhakti & Co.

Old Schedule VI

Share Capital Remarks

1 Authorised……shares of Rs.……each.

2

3 Covered above

4 (c) ....... shares of Rs.... Each Covered above

5 Rs........ called up Covered above

6

7 [Of the above shares ___ shares are allotted as fully paid-up by way of bonus shares]

8

9 Add: Forfeited shares (amount originally paid –up)

10

11 Particulars of any option on unissued share capital should also be specified.

12 Particulars of the different classes of preference shares to be given. Covered above

13

14

Deleted

15

16

17 Any capital profit on reissue of forfeited shares should be transferred to Capital Reserve. Deleted

Covered as per point 'a' above

Issued (distinguishing between the various classes of capital and stating the particulars specified below, in respect of each class) …… shares of Rs.……each.

Covered as per point 'b' above

Subscribed(distinguishing between the various classes of capital and stating the particulars specified below, in respect of each class)

Of the above shares ……… shares are allotted as fully paid-up pursuant to a contract without payments being received in cash.

Covered as per point 'i' above


Less:Calls unpaid:(i) By managing agent or secretaries and treasures and where the managing agent or secretaries and treasures are a firm, by the partners there of, and the managing agent or secretaries and treasures are a private company, by the directors members of that company.(ii) By directors(iii) By others

Deleted (Marked in Red)

Covered as per point 'l' above

Terms of redemption or conversion (if any) of any redeemable preference shares must be stated, together with the earliest date of redemption or conversion.

Covered as per point 'j' above

Addition to this point

In case of forfeited shares, amount originally paid-up should be shown. Any profit on reissue of forfeited shares should be transferred to capital reserve.


In case of subsidiaries companies, the number of shares held by the holding company as well as by the ultimate holding company and its subsidiaries must be separately stated.

Covered as per point 'f' above

The Auditor is not required to certify the correctness of such shareholdings as certified by the management.

The ‘issued capital’ and ‘subscribed capital’ must be distinguished into various classes of capital; viz. preference and equity, and the particulars specified hereunder must be given separately for each of them.


Shares allotted as fully paid-up by way of bonus shares, should be separately disclosed. The source from which the bonus shares are issued must also be specified; e.g., by capitalisation of reserves or profits or from share premium account, etc.


Haribhakti & Co.

Revised Schedule VIAs per Point No. 6B of General Instructions for Preparation of Balance Sheet

B Reserves and Surplus

(i) Reserves and Surplus shall be classified as:

a Capital Reserves Existing (Note 1)

b Capital Redemption Reserve Existing (Note 1)

c Securities Premium Reserve Existing (Note 1)

d Debenture Redemption Reserve

e Revaluation Reserve

f Share Options Outstanding Account

gExisting (Note 1)

hExisting (Note 1)

Existing (Note 1)

(ii) A reserve specifically represented by earmarked investments shall be termed as a ‘fund’. Existing

(iii)





Other Reserves – (specify the nature and purpose of each reserve and the amount in respect thereof)

Surplus i.e. balance in Statement of Profit & Loss disclosing allocations and appropriations such as dividend, bonus shares and transfer to/from reserves etc.

(Additions and deductions since last balance sheet to be shown under each of the specified heads)

Debit balance of statement of profit and loss shall be shown as a negative figure under the head ‘Surplus’. Similarly, the balance of ‘Reserves and Surplus’, after adjusting negative balance of surplus, if any, shall be shown under the head ‘Reserves and Surplus’ even if the resulting figure is in the negative.


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Haribhakti & Co.


Note 1Disclosure pursuant to Note no. 6(B) of Part I of Schedule VI to the Companies Act, 1956

Reserves & Surplus

` `

a. Capital Reserves

Opening Balance

(+) Current Year Transfer

(-) Written Back in Current Year

Closing Balance - -

b. Capital Redemption Reserve

Opening Balance



Closing Balance - -

c. Securities Premium Account

Opening Balance

Add : Securities premium credited on Sha

Less : Premium Utilised for various reaso - -

Premium on Redemption of Deben

For Issuing Bonus Shares

Closing Balance - -

d. Debenture Redemption Reserve

Opening Balance



Closing Balance - -

e. Revaluation Reserve

Opening Balance



Closing Balance - -

f. Share Options Outstanding Accoun

Opening Balance



Closing Balance - -

Opening Balance



Closing Balance - -

h. Surplus

As at 31 March 20X1

As at 31 March 20X0

g. Other Reserves (Specifiy the nature and purpose of each reserve)

A B C D E F G H

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Haribhakti & Co.

Opening balance

(+) Net Profit/(Net Loss) For the current y

(+) Transfer from Reserves

(-) Proposed Dividends

(-) Interim Dividends

(-) Transfer to Reserves

Closing Balance - -

Total - -

Note:

Old Schedule VI

Reserves and Surplus Remarks

1 Capital Reserves.

2 Capital Redemption Reserve.

3 Share Premium Account (cc)

Deleted

4 Other Reserves specifying the nature of each reserve and the amount in respect thereof.

Less: Debit balance in profit and loss account, (if any)(h)

5

6 Proposed additions to Reserves Deleted

7 Sinking Funds Deleted

8

9

1. Reserve specifically represented by earmarked investments shall be termed as a ‘fund’

2. Debit balacne of P & L shall be shown as negative figure under surplus instead of presenting on the asset side

Covered as per point 'a' above


Covered as per point 'c' above

(cc) The item "Share Premium Account" shall include details of its utilisation in the manner provided in section 78 in the year of utilisation.

Covered as per point 'g' above

To be shown under reserves as per point

iii above

(h) The debit balance in the Profit and Loss Account shall be shown as a deduction from the uncommitted reserves, if any

To be shown under reserves as per point

iii above

Surplus, i.e. balance in the profit and loss accounts after providing for proposed allocation namely:- Dividend, Bonus or Reserves

Covered as per point 'h' above

Additions and deductions since last balance - sheet to be shown under each of the specified heads.


The word ‘fund’ in relation to any ‘Reserve’ should be used only where such Reserve is specifically represented by earmarked investments.

Covered as per point 'ii' above

A B C D E F G H

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Haribhakti & Co.

Revised Schedule VIAs per Point No. 6C of General Instructions for Preparation of Balance Sheet

C. Long Term Borrowings

(i) Long-term borrowings shall be classified as:

(a) Bonds/debentures Existing (Note 1)

(b)

Existing (Note 1)

(c) Deferred payment liabilities.

(d) Deposits. Existing (Note 1)

(e) Loans and advances from related parties. Existing (Note 1)

(f) Long term maturities of finance lease obligations

(g) Other loans and advances (specify nature) Existing (Note 1)

(ii)Existing (Note 1)

(iii)Existing (Note 1)

(iv)

Existing (Note 1)

(v)Existing (Note 1)

(vi) Terms of repayment of term loans and other loans shall be stated.

(vii)


Borrowings have been bifurcated into long term

and short term.

Term loans- from banks- From other parties

New Insertion(Note 1)


Borrowings shall further be sub-classified as secured and unsecured. Nature of security shall be specified separately in each case.

Where loans have been guaranteed by directors or others, the aggregate amount of such loans under each head shall be disclosed.

Bonds/debentures (along with the rate of interest and particulars of redemption or conversion, as the case may be) shall be stated in descending order of maturity or conversion, starting from farthest redemption or conversion date, as the case may be. Where bonds/debentures are redeemable by installments, the date of maturity for this purpose must be reckoned as the date on which the first installment becomes due.

Particulars of any redeemed bonds/ debentures which the company has power to reissue shall be disclosed.


Period and amount of continuing default as on the balance sheet date in repayment of loans and interest, shall be specified separately in each case.


Haribhakti & Co.


Note 1Disclosure pursuant to Note no. 6(C) of Part I of Schedule VI to the Companies Act, 1956

Long Term Borrowings

` `

Secured

(secured by ________)

(b) Term loans

from banks

(Secured By__________)

from other parties


Terms of Repayment _______

(c) Deferred payment liabilities

(Secured by ________)

(d) Deposits







- -

1. Period of default

2. Amount

As at 31 March 20X1

As at 31 March 20X0

(a) Bonds/debentures *( state in descending order of maturity or conversion, starting from the farthest redemption or conversion date)

___ (Previous Year: ___) __ % Debentures of `___ each redeemable at ___ on ________

(of the above, ` ____ is guaranteed by Directors and / or others)

Details of redeemed bonds/debentures which the company has power to reissue: ___________________________




(e) Loans and advances from related parties




(g) Other loans and advances (specify nature)


In case of continuing default as on the balance sheet date in repayment of loans and interest with respect to (b) (e) & (g)

Haribhakti & Co.

Unsecured

(b) Term loans

from banks

from other parties


- - (c) Deferred payment liabilities

(d) Deposits



- -


2. Amount

Total - -

(a) Bonds/debentures *( state in descending order of maturity or conversion, starting from the farthest redemption or conversion date)___ (Previous Year: ___) __ % Debentures of `___ each redeemable at ___ on ________


Details of redeemed bonds/debentures which the company has power to reissue: ___________________________




(e) Loans and advances from related parties(of the above, ` ____ is guaranteed by Directors and / or others)



(g) Other loans and advances (specify nature)(of the above, ` ____ is guaranteed by Directors and / or others)

In case of continuing default as on the balance sheet date in repayment of loans and interest with respect to (b) (e) & (g)

Haribhakti & Co.

Old Schedule VI

Secured Loans Remarks

1

2

3 Loans and Advances from Subsidiaries

4 Other Loans and Advances

5 Loans from directors and managers should be shown separately, under each of the above sub-hea

6 Deleted

7 The nature of the security to be specified in each case.

8

9

10 Particulars of any redeemed debentures which the company has power to issue should be given.

11 Deleted

Unsecured Loans Remarks

1

2

3

4

5 Loans from directors and managers should be shown separately, under each of the above sub-hea

6 Deleted

7

8 Deleted

Debentures Covered as per point 'i(a)' above

Loans and Advances from Banks Covered as per point 'i(b)' above

Covered as per point 'i(e)' above

Covered as per point 'i(g)' above


Interest accrued and due on Secured Loans should be included under the appropriate sub-heads under the head "SECURED LOANS".


Where loans have been guaranteed by managers and/or directors, a mention thereof shall also be made and the aggregate amount of such loans under each head

Covered as per point 'iii' above

Terms of redemption or conversion (if any) of debentures issued must be stated together with earliest date of redemption or conversion.

Covered as per point 'iV' above

Covered as per point 'V' above

Where any of the company's debentures are held by a nominee or a trustee for the company, the nominal amount of the debentures and the amount at which they are stated in the books of the company shall be stated.

Fixed Deposits Deleted (Marked in Red)

Loans and Advances from subsidiaries Covered as per point 'i(e)' above

Short Term Loans and Advancesa. from banksb. from others


Other Loans and Advancesa. from banksb. from others



Interest accrued and due on Unsecured Loans should be included under the appropriate sub-heads under the head "UNSECURED LOANS".



Short Term Loans will include those which are due for not more than one year as at the date of the balance-sheet.

Haribhakti & Co.

Revised Schedule VIAs per Point No. 6D of General Instructions for Preparation of Balance Sheet

D Other Long Term Liabilities

Other Long Term Liabilities shall be classified as:

(a) Trade Payables

(b) Others


Note 1Disclosure pursuant to Note no. 6(D) of Part I of Schedule VI to the Companies Act

Other Long Term Liabilities

` `

(a) Trade Payables

(b) Others

Total - -




As at 31 March 20X1

As at 31 March 20X0

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Haribhakti & Co.

Revised Schedule VIAs per Point No. 6E of General Instructions for Preparation of Balance Sheet

E Long Term Provisions

The amounts shall be classified as:

a Provision for employee benefits Existing (Note 1)

b Others (Specify nature) Existing (Note 1)


Note 1Disclosure pursuant to Note no. 6(E) of Part I of Schedule VI to the Companies Act, 1956

Long Term Provisions

` `

(a) Provision for employee benefits

Superannuation (unfunded)

Gratuity (unfunded)

Leave Encashment (unfunded)

ESOP / ESOS

(b) Others (Specify nature)

Total - -

Old Schedule VI

Provisions Remarks

1 Provisions for taxation Deleted

2 Proposed dividends Deleted

3 For contingencies Deleted

4 For provident fund scheme Deleted

5

6 Other provisions


As at 31 March 20X1

As at 31 March 20X0

For insurance, pension and similar staff benefit schemes Deleted (Marked in Red)


A B C D E F G H

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Haribhakti & Co.

Revised Schedule VIAs per Point No. 6F of General Instructions for Preparation of Balance Sheet

F Short Term Borrowings

(i) Short-term borrowings shall be classified as:

(a)

Existing (Note 1)

(b) Loans and advances from related parties

(c) Deposits Existing (Note 1)

(d) Other loans and advances (specify nature) Existing (Note 1)

(ii)Existing (Note 1)

(iii)Existing (Note 1)

(iv)


Note 1Disclosure pursuant to Note no. 6(F) of Part I of Schedule VI to the Companies Act, 1956

Short Term Borrowings

` `

Secured (a) Loans repayable on demand

from banks


from other parties



(c) Deposits



- -


Borrowings have been bifurcated into long term

and short term.

Loans repayable on demand- from banks- from other parties


Borrowings shall further be sub-classified as secured and unsecured. Nature of security shall be specified separately in each case.

Where loans have been guaranteed by directors or others, the aggregate amount of such loans under each head shall be disclosed.

Period and amount of continuing default as on the balance sheet date in repayment of loans and interest, shall be specified separately in each case.


As at 31 March 20X1

As at 31 March 20X0


(b) Loans and advances from related parties



(d) Other loans and advances (specify nature)


In case of continuing default as on the balance sheet date in repayment of loans and interest with respect to (a) (b) & (d)

A B C D E F G H

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9

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16

17

18

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20

21

22

23

24

25

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28

29

30

31

32

33

34

35

36

37

38

39

40

41

42

43

Haribhakti & Co.


2. Amount

A B C D E F G H

44

45

Haribhakti & Co.

Unsecured (a) Loans repayable on demand

from banks

from other parties

(c) Deposits

- -


2. Amount

Total - -


(b) Loans and advances from related parties (of the above, ` ____ is guaranteed by Directors and / or others)


(d) Other loans and advances (specify nature) (of the above, ` ____ is guaranteed by Directors and / or others)

In case of continuing default as on the balance sheet date in repayment of loans and interest with respect to (a) (b) & (d)

A B C D E F G H

46

47

48

49

50

51

52

53

54

55

56

57

58

59

60

61

62

63

64

65

66

67

68

69

70

Haribhakti & Co.

Old Schedule VI

Secured Loans Remarks

1 Deleted

2 Deleted

3 Loans and Advances from Subsidiaries

4 Other Loans and Advances

5 Loans from directors and managers should be shown separately, under each of the above sub-head

6 Deleted

7 The nature of the security to be specified in each case.

8

9 Deleted

10 Particulars of any redeemed debentures which the company has power to issue should be given. Deleted

11 Deleted

Unsecured Loans

Remarks

1

2

3

4

5 Loans from directors and managers should be shown separately, under each of the above sub-head

6 Deleted

7

8 Deleted

Debentures

Loans and Advances from Banks

Covered as per point 'i(b)' above

Covered as per point 'i(d)' above


Interest accrued and due on Secured Loans should be included under the appropriate sub-heads under the head "SECURED LOANS".




Terms of redemption or conversion (if any) of debentures issued must be stated together with earliest date of redemption or conversion.

Where any of the company's debentures are held by a nominee or a trustee for the company, the nominal amount of the debentures and the amount at which they are stated in the books of the company shall be stated.

Fixed Deposits Deleted (Marked in Red)

Loans and Advances from subsidiaries Covered as per point 'i(b)' above

Short Term Loans and Advancesa. from banksb. from others

Covered as per point 'i(a)' above

Other Loans and Advancesa. from banksb. from others



Interest accrued and due on Unsecured Loans should be included under the appropriate sub-heads under the head "UNSECURED LOANS".



Short Term Loans will include those which are due for not more than one year as at the date of the balance-sheet.

A B C D E F G H

71

72

73

74

75

76

77

78

79

80

81

82

83

84

85

86

87

88

89

90

91

92

93

94

95

Haribhakti & Co.

Revised Schedule VIAs per Point No. 6G of General Instructions for Preparation of Balance Sheet

G Other Current Liabilities


(a) Current maturities of long-term debt

(b) Current maturities of finance lease obligations

(c) Interest accrued but not due on borrowings Existing (Note 1)

(d) Interest accrued and due on borrowings

(e) Income received in advance

(f) Unpaid dividends Existing (Note 1)

(g)

(h) Unpaid matured deposits and interest accrued thereon Existing (Note 1)

(i) Unpaid matured debentures and interest accrued thereon Existing (Note 1)

(j) Other payables (specify nature) Existing (Note 1)


New Insertion (Note 1)New Insertion (Note 1)

New Insertion (Note 1)New Insertion (Note 1)

Application money received for allotment of securities and due for refund and interest accrued thereon. Share application money includes advances towards allotment of share capital. The terms and conditions including the number of shares proposed to be issued, the amount of premium ,if any, and the period before which shares shall be allotted shall be disclosed. It shall also be disclosed whether the company has sufficient authorized capital to cover the share capital amount resulting from allotment of shares out of such share application money. Further, the period for which the share application money has been pending beyond the period for allotment as mentioned in the document inviting application for shares along with the reason for such share application money being pending shall be disclosed. Share application money not exceeding the issued capital and to the extent not refundable shall be shown under the head Equity and share application money to the extent refundable i.e., the amount in excess of subscription or in case the requirements of minimum subscription are not met, shall be separately shown under ‘Óther current liabilities’


A B C D E F G H

1

2

3

4

5

6

7

8

9

10

11

12

13

14

15

16

Haribhakti & Co.


Note 1Disclosure pursuant to Note no. 6(G) of Part I of Schedule VI to the Companies Act, 1956

Other Current Liabilities *

` `

(a) Current maturities of long-term debt

(e) Income received in advance

(f) Unpaid dividends

interest accrued on (g) above

Amount of premium (if any): ___________

(j) Other payables (specify nature)

Total - -

As at 31 March 20X1

As at 31 March 20X0

(b) Current maturities of finance lease obligations(c ) Interest accrued but not due on borrowings

(d) Interest accrued and due on borrowings

(g) Application money received for allotment of securities and due for refund #

Number of shares proposed to be issued: ____________

Terms and conditions of shares proposed to be issued:

____________________________________________________________Date by which shares shall be alloted: _______________

Whether the company has sufficient authorized capital to cover the share capital amount resulting from allotment of shares out of such share application money

The period overdue from the last date of allotment is ___________; reason being ________

# All amounts out of Share Application money which are refundable to be shown under this head (non-refundable portion of share application money will form part of 'Share Application Money Pending Allotment' (Balance Sheet))

(h) Unpaid matured deposits and interest accrued thereon

(i) Unpaid matured debentures and interest accrued thereon

* for definition of current liabilities please refer

A B C D E F G H

17

18

19

20

21

22

23

24

25

26

27

28

29

30

31

32

33

34

35

36

37

38

39

40

41

42

43

44

45

46

47

48

49

Haribhakti & Co.

Old Schedule VI

Current Liabilities Remarks

1 Deleted

2 Deleted

3 Subsidiary companies Deleted

4 Deleted

5 Investor Education and Protection Fund shall be credited by following amounts namely:

(a) Unpaid dividend

(b)

(c) Unpaid Matured Deposits

(d) Unpaid Matured Debentures

(e) Interest accrued on (a) to (d) above

6 Other Liabilities (if any)

7 Interest accrued but not due on loans

Acceptances

Sundry creditors (a) total outstanding dues of Micro and Small Enterprises(Refer to note no. 18 in notes to accounts)(b) total outstanding dues of creditors other than Micro and Small Enterprises

Advance payments and unexpired discounts for the portion for which value has still to be given e.g. in the case of the following classes of companies:—Newspaper, Fire Insurance, theatres, clubs, banking, steamship, companies, etc.

Covered as per point 'f' above

Unpaid application money received for allotment of securities and due for refund Covered as per point 'g' above



Covered as per point 'h & i' above

Covered as per point 'j' above

Covered as per point 'd' above

A B C D E F G H

50

51

52

53

54

55

56

57

58

59

60

61

62

63

64

Haribhakti & Co.

Revised Schedule VIAs per Point No. 6H of General Instructions for Preparation of Balance Sheet

H Short Term Provisions


a Provision for employee benefits Existing (Note 1)

b Others (Specify nature) Existing (Note 1)


Note 1Disclosure pursuant to Note no. 6(H) of Part I of Schedule VI to the Companies Act, 1956

Short Term Provisions

` `

(a) Provision for employee benefits

Salary & Reimbursements

Contribution to PF

Gratuity (Funded)

Leave Encashment (funded)

Superannuation (funded)

ESOP /ESOS

(b) Others (Specify nature)

Total - -

Old Schedule VI

Provisions Remarks

1 Provisions for taxation Deleted

2 Proposed dividends Deleted

3 For contingencies Deleted

4 For provident fund scheme Deleted

5

6 Other provisions


As at 31 March 20X1

As at 31 March 20X0

For insurance, pension and similar staff benefit schemes Deleted (Marked in Red)


A B C D E F G H

1

2

3

4

5

6

7

8

9

10

11

12

13

14

15

16

17

18

19

20

21

22

23

24

25

26

27

28

29

30

31

32

33

34

35

36

Haribhakti & Co.

Revised Schedule VIAs per Point No. 6I to 6L of General Instructions for Preparation of Balance Sheet

I to L Fixed Assets

I Tangible Assets

(i) Classification shall be given as:

a Land

b Buildings.

c Plant and Equipment.

d Furniture and Fixtures.

e Vehicles.

f Office equipment.

g Others (specify nature).

(ii) Assets under lease shall be separately specified under each class of asset.

(iii) Existing

(iv) Existing

J Intangible assets

(i) Classification shall be given as:

(a) Goodwill.

(b) Brands /trademarks.

(c) Computer software.

(d) Mastheads and publishing titles.

(e) Mining rights.

(f)

(g) Recipes, formulae, models, designs and prototypes.

(h) Licenses and franchise.

(i) Others (specify nature).

(ii)

(iii)

K Capital Work-in-Progress


Amended (Note 1)

New insertion (note 1)

A reconciliation of the gross and net carrying amounts of each class of assets at the beginning and end of the reporting period showing additions, disposals, acquisitions through business combinations and other adjustments and the related depreciation and impairment losses/reversals shall be disclosed separately.

Where sums have been written off on a reduction of capital or revaluation of assets or where sums have been added on revaluation of assets, every balance sheet subsequent to date of such write-off, or addition shall show the reduced or increased figures as applicable and shall by way of a note also show the amount of the reduction or increase as applicable together with the date thereof for the first five years subsequent to the date of such reduction or increase.

New insertion (note 1)

Copyrights, and patents and other intellectual property rights, services and operating rights.

A reconciliation of the gross and net carrying amounts of each class of assets at the beginning and end of the reporting period showing additions, disposals, acquisitions through business combinations and other adjustments and the related amortization and impairment losses/reversals shall be disclosed separately.

New insertion (Note 1)

Where sums have been written off on a reduction of capital or revaluation of assets or where sums have been added on revaluation of assets, every balance sheet subsequent to date of such write-off, or addition shall show the reduced or increased figures as applicable and shall by way of a note also show the amount of the reduction or increase as applicable together with the date thereof for the first five years subsequent to the date of such reduction or increase.


Amended (Note 1)

A B C D E F G H I J K L M N O

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4

5

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23

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28

29

30

31

32

33

34

35

Haribhakti & Co.

L Intangible assets under Development


Note 1

Fixed Assets Gross Block Accumulated Depreciation Net Block

` ` ` ` ` ` ` ` ` ` ` `

a Tangible Assets

Land

Assets under lease

Buildings

Assets under lease

Plant and Equipment

Assets under lease

Furniture and Fixtures

Assets under lease

Vehicles

Assets under lease

Office equipment

Assets under lease

Others (specify nature)

Total - - - - - - - - - - - -

Amended (Note 1)

Disclosure pursuant to Note no. I (i), (ii), (iii); Note no. J (i),(ii); Note no. J and Note no. L of Part I of Schedule VI to the Companies Act, 1956

Balance as at 1 April

20X0

Additions/ (Disposals)

Acquired through

business combinations

Revaluations/

(Impairments)

Balance as at 31 March

20X1


20X0

Depreciation charge for the year

Adjustment due to

revaluations

On disposals


20X1


20X0

Balance as at 31 March 20X1


36

37

38

39

40

41

42

43

44

45

46

47

48

49

50

51

52

53

54

55

56

57

58

59

60

Haribhakti & Co.

b Intangible Assets

Goodwill

Brands /trademarks

Computer software

Mining rights

Licenses and franchise

Others (specify nature)

Total - - - - - - - - - - - -

c Capital Work In Progress

Total - - - - - - - - - - - - d

Total - - - - - - - - - - - -

Note 2Disclosure pursuant to Note no.I (iv) and J (iii) of Part I of Schedule VI to the Companies Act, 1956

The following disclosure should be made for each class of asset as required

Particulars

Year

20X0-X1 20X1-X2 20X2-X3 20X3-X4 20X4-X5

` ` ` ` `

Asset details:

Impairment/ Revaluation

Mastheads and publishing titles

Copyrights, and patents and other intellectual property rights, services and operating rights

Recipes, formulae, models, designs and prototypes

Intangible assets under Development




61

62

63

64

65

66

67

68

69

70

71

72

73

74

75

76

77

78

79

80

81

82

83

84

85

86

87

88

89

90

91

92

93

94

95

Haribhakti & Co.

Old Schedule VI

Fixed Assets Remarks1

Distinguishing as far as possible between expenditure upon a goodwill

b land c buildings d leaseholds e railway sidings f plant and machinery g furniture and fittings h development of property i patents, trade marks and designs j live-stock k vehicles, etc.

2

3 Deleted

4 No change

Presentation modifed

Amended-Covered in

point J

Under each head the original cost, and the additions thereto and deductions therefrom during the year, and total depreciation written off or provided up to the end of the year to be stated.

Covered as per point I and J above

Where the original cost aforesaid and additions and deductions thereto, relate to any fixed asset which has been acquired from a country outside India, and in consequence of a change in the rate of exchange at any time after the acquisition of such asset, there has been an increase or reduction in the liability of the company, as expressed in Indian currency, for making payment towards the whole or a part of the cost of the asset or for repayment of the whole or a part of moneys borrowed by the company from any person, directly or indirectly in any foreign currency specifically for the purpose of acquiring the asset (being in either case the liability existing immediately before the date on which the change in the rate of exchange takes effect), the amount by which the liability is so increased or reduced during the year, shall be added to, or, as the case may be deducted from the cost, and the amount arrived at after such addition or deduction shall be taken to be the cost of the fixed asset.Explanation 1: This paragraph shall apply in relation to all balance-sheets that may be made out as at the 6th day of June, 1966, or any day thereafter and where, at the date of issue of the notification of the Government of India, in the Ministry of Industrial Development and Company Affairs (Department of Company Affairs), G.S.R. No. 129, dated the 3rd day of January, 1968, any balance sheet, in relation, to which this paragraph applies, has already been made out and laid before the company in Annual General Meeting, the adjustment referred to in this paragraph may be made in the first balance-sheet made out after the issue of the said notification.Explanation 2:-In this paragraph, unless the context otherwise requires, the expressions "rate of exchange", "foreign currency" and "Indian Currency" shall have the meanings respectively assigned to them under sub-section (1) of section 43A of the Income-tax Act, 1961 (43 of 1961), and Explanation 2 and Explanation 3 of the said sub-section shall, as far as may be, apply in relation to the said paragraph as they apply to the said sub-section (1). 9[In every case where the original cost connot be ascertained, without unreasonable expense or delay, the valuation shown by the books shall be given. For the purposes of this paragraph, such valuation shall be the net amount at which an asset stood in the company’s books at the commencement of this Act after deduction of the amounts previously provided or written off for depreciation or diminution in value, and where any Where sums have been written off on a reduction of capital or a revaluation of assets, every balance sheet, (after the first balance sheet) subsequent to the reduction or revaluation shall show the reduced figures and with the date of the reduction in place of the original cost.

Each balance sheet for the first five years subsequent to the date of the reduction, shall show also the amount of the reduction made.

Covered as per point I(iv) and J (iii) above

A B C D E F G H I J K L M N O96

97

98

99

100

101

102

103

104

105

106

107

108

109

110

111

112

113

114

115

Haribhakti & Co.

Similarly, where sums have been added by writing up the assets, every balance-sheet subsequent to such writing up shall show the increased figures with the date of the increase in place of the original cost. Each balance sheet for the first five years subsequent to the date of writing up shall also show the amount of increase made.11[Explanation.- Nothing contained in the preceding two paragraphs shall apply to any adjustment made in accordance with the second paragraph.]

Covered as per point I(iv) and J (iii) above


116

Haribhakti & Co.

Revised Schedule VIAs per Point No. 6K of General Instructions for Preparation of Balance Sheet

K.

Non Current Investments

K. Non-current investments

(i) Non-current investments shall be classified as trade investments and other investments and further classified as:

(a) Investment property;

(b) Investments in Equity Instruments;

(c) Investments in preference shares

(d) Investments in Government or trust securities;

(e) Investments in debentures or bonds;

(f) Investments in Mutual Funds;

(g) Investments in partnership firms

(h) Other non-current investments (specify nature)

(ii) Investments carried at other than at cost should be separately stated specifying the basis for valuation thereof.

(iii) The following shall also be disclosed:

(a) Aggregate amount of quoted investments and market value thereof;

(b) Aggregate amount of unquoted investments;

(c) Aggregate provision for diminution in value of investments



Under each classification, details shall be given of names of the bodies corporate (indicating separately whether such bodies are (i) subsidiaries, (ii) associates, (iii) joint ventures, or (iv) controlled special purpose entities) in whom investments have been made and the nature and extent of the investment so made in each such body corporate (showing separately investments which are partly-paid). In regard to investments in the capital of partnership firms, the names of the firms (with the names of all their partners, total capital and the shares of each partner) shall be given.

A B C D E F G H I J K L M N

1

2

3

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8

9

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12

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15

16

17

18

19

20

21

22

23

24

Haribhakti & Co.


Note 1 Disclosure pursuant to Note no. K (i) of Part I of Schedule VI to the Companies Act,

Particulars

` `

A Trade Investments (Refer A below)(a) Investment Properties

(b) Investment in Equity instruments


(d) Investments in Government or Trust securities

(e) Investments in debentures or bonds

(f) Investments in Mutual Funds

(g) Investments in partnership firms*


Total (A) - -

B Other Investments (Refer B below)(a) Investment Properties

(b) Investment in Equity instruments


(d) Investments in Government or Trust securities

(e) Investments in debentures or bonds




Total (B) - -

Grand Total (A + B) - -

Total - -

Particulars20X1 20X0

` `

As at 31 March 20X1

As at 31 March 20X0

Less : Provision for dimunition in the value of Investments

Aggregate amount of quoted investments (Market value of ` __ (Previous Year ` __)

Aggregate amount of unquoted investments (Previous Year ` __)


25

26

27

28

29

30

31

32

33

34

35

36

37

38

39

40

41

42

43

44

45

46

47

48

49

50

51

52

53

54

55

56

57

58

59

60

61

62

Haribhakti & Co.

A. Details of Trade Investments

Sr. No. Name of the Body Corporate No. of Shares / Units

20X1 20X0 20X1 20X0 20X1 20X0

(1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (11) (12) (13)

(a) Investment Properties

(b) Investement in Equity Instruments

(c) Investments in Preference Shares

(d)

(e) Investments in Debentures or Bonds



(h)

Total - -

Subsidiary / Associate / JV/

Controlled Entity / Others

Quoted / Unquoted

Partly Paid / Fully paid

Extent of Holding (%)

Amount (`) Whether stated at

CostYes / No

If Answer to Column (9) is 'No'

- Basis of Valuation

Investments in Government or Trust securities

Other non-current investments (specify nature)


63

64

65

66

67

68

69

70

71

72

73

74

75

76

77

78

79

80

81

82

83

84

85

86

87

88

89

90

91

92

93

94

95

96

97

98

99

Haribhakti & Co.

B. Details of Other Investments


20X1 20X0 20X1 20X0 20X1 20X0

(1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (11) (12) (13)

(a) Investment Properties

(b) Investement in Equity Instruments

(c) Investments in Preference Shares

(d)

(e) Investments in Debentures or Bonds



(h)

Total - -

* G. Investment in _________(Name of the Firm)Name of the Partners Share of Capital

Partner 1

Partner 2

Total Capital -



Quoted / Unquoted



Amount (`) Whether stated at

Cost

If Answer to Column (9) is 'No'

-




100

101

102

103

104

105

106

107

108

109

110

111

112

113

114

115

116

117

118

119

120

121

122

123

124

125

126

127

128

129

130

131

132

133

134

135

136

137

138

139

140

141

142

143

Haribhakti & Co.

Old Schedule VI

A. Investments Remarks

1) Investments in Government or Trust Securities.2)

3) Immovable properties.4) Investments in the Capital of partnership firms.5) Balance of unutilised monies raised by issue.

The following shall also be disclosed:

(a) Aggregate amount of company's quoted investments and also the market value thereof shall be shown;

(b) Aggregate amount of unquoted investments shall also be shown;

Showing nature of investments and mode of valuation, for example, cost or market value and distinguishing between-

Classified into Current and Non

Current and detailed

disclosures are prescribed.

Investments in shares, debentures or bonds (showing separately shares fully paid-up and partly paid-up and also distinguishing the different classes of shares and showing also in similar details investments in shares, debentures or bonds of subsidiary companies.

All unutilised monies out of the issue must be separately disclosed in the Balance Sheet of the company indicating the form in which such unutilised funds have been invested.


144

145

146

147

148

149

150

151

152

153

154

155

156

157

158

Haribhakti & Co.

Revised Schedule VIAs per Point No. 6L of General Instructions for Preparation of Balance Sheet

L. Long-term loans and advances

(i) Long-term loans and advances shall be classified as: Amended (Note 1)

a Capital Advances;b Security Deposits;c Loans and advances to related parties (giving details thereof);d Other loans and advances (specify nature).

(ii) The above shall also be separately sub-classified as: Amended (Note 1)

a Secured, considered good;b Unsecured, considered good;c Doubtful.

(iii)Amended (Note 1)

(iv)


Loans and advances have been bifurcated

into long term and short term.

Allowance for bad and doubtful loans and advances shall be disclosed under the relevant heads separately.

Loans and advances due by directors or other officers of the company or any of them either severally or jointly with any other persons or amounts due by firms or private companies respectively in which any director is a partner or a director or a member should be separately stated.

Amended (Note 1 and 2)

A B C D E F G H

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3

4

5

6

7

8

9

10

11

12

13

14

15

16

17

18

19

20

21

Haribhakti & Co.


Note 1 Disclosure pursuant to Note no. L (i),(ii) and (iii) of Part I of Schedule VI to the Companies Act, 1956

As at 31 March 20X1 As at 31 March 20X0

` ` ` `

a. Capital Advances

Secured, considered good

Unsecured, considered good

Doubtful

- -

b. Security Deposits



Doubtful

- -



Doubtful

- -



Doubtful

- -

- -

Note 2 Disclosure pursuant to Note no. L (iv) of Part I of Schedule VI to the Companies Act, 1956

` `

Directors *

- -

*Either severally or jointly

Long Term Loans and Advances

Less: Provision for doubtful advances

Less: Provision for doubtful deposits

c. Loans and advances to related parties (refer Note 2)

Less: Provision for doubtful loans and advances

d. Other loans and advances (specify nature)

Less: Provision for ___________

As at 31 March 20X1

As at 31 March 20X0

Other officers of the Company *

Firm in which director is a partner *

Private Company in which director is a member

A B C D E F G H

22

23

24

25

26

27

28

29

30

31

32

33

34

35

36

37

38

39

40

41

42

43

44

45

46

47

48

49

50

51

52

53

54

55

56

57

58

59

60

61

62

63

64

65

66

67

68

69

Haribhakti & Co.

Old Schedule VI

Loans and advances Remarks

(a) Advances and loans to subsidiaries. Modified(b) Advances and loans to partnership firms in which the company or any of its subsidiaries is a partne Modified( c) Bills of Exchange

(d) Advances recoverable in cash or in kind or for value to be received, e.g., Rates, Taxes, Insurance,

(e) Balances with Customs, Port Trust, etc. (where payable on demand).

No specific disclosure in Revised Schedule VI



Debts due by directors or other officers of the company or any of them either severally or jointly with any other person or debts due by firms or private companies respectively in which any director is a partner or a director or a members to be separately stated. Covered in point (iv)

aboveDebts due from other companies under the same management within the meaning of sub-section (1B) of section 370, to be disclosed with the names of the Companies. No specific disclosure in

Revised Schedule VIThe maximum amount due by directors or other officers of the company at any time during the year to be shown by way of a note.


The provisions to be shown under this head should not exceed the amounts of debts stated to be considered doubtful or bad and any surplus of such provision if already created, should be shown at every closing under "Reserves and Surplus" (in the liabilities side) under a separate sub-head "Reserve for Doubtful or Bad Debts". No specific disclosure in

Revised Schedule VI

A B C D E F G H

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71

72

73

74

75

76

77

78

79

80

81

82

Haribhakti & Co.

Revised Schedule VIAs per Point No. 6M of General Instructions for Preparation of Balance Sheet

M. Other non-current assets

Other non-current assets shall be classified as:

(i) Long Term Trade Receivables (including trade receivables on deferred credit terms);

(ii) Others (specify nature)

(iii) Long term Trade Receivables, shall be sub-classified as:

(i)

(a) Secured, considered good;

(b) Unsecured considered good;

(c) Doubtful

(ii) Allowance for bad and doubtful debts shall be disclosed under the relevant heads separately.


New insertion (refer Note 1 and 2)

(iii) Debts due by directors or other officers of the company or any of them either severally or jointly with any other person or debts due by firms or private companies respectively in which any director is a partner or a director or a member should be separately stated.

A B C D E F G H

1

2

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4

5

6

7

8

9

10

11

12

13

14

15

16

17

18

19

20

21

Haribhakti & Co.


Note 1 Disclosure pursuant to Note no.M (i),(ii) and (iii) of Part I of Schedule VI to the Companies Act, 1956

As at 31 March 20X1 As at 31 March 20X0

` ` ` `



Doubtful

Less: Provision for doubtful debts

- -

b. Others (specify nature)



Doubtful

Less: Provision for __________

- -



Doubtful


- -

- -

a. Long term trade receivables (including trade receivables on deferred credit terms)

c. Debts due by related parties (refer note 2)

A B C D E F G H

22

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24

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43

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46

47

48

49

Haribhakti & Co.

Note 2 Disclosure pursuant to Note no. M (iii) (iii) of Part I of Schedule VI to the Companies Act, 1956

` `

Directors *


- -


As at 31 March 20X1

As at 31 March 20X0



A B C D E F G H50

51

52

53

54

55

56

57

58

59

60

61

62

63

64

65

Haribhakti & Co.

Old Schedule VI

A. Loans and advances Remarks

(a) Advances and loans to subsidiaries.

(b) Advances and loans to partnership firms in which the company or any of its subsidiaries is a partner

( c) Bills of Exchange

(d) Advances recoverable in cash or in kind or for value to be received, e.g., Rates, Taxes, Insurance, et


Modified (covered in point M (iii) (iii) )

Modified (covered in point M (iii) (iii) )


No specific disclosure in Revised Schedule VINo specific disclosure in Revised Schedule VI

Debts due by directors or other officers of the company or any of them either severally or jointly with any other person or debts due by firms or private companies respectively in which any director is a partner or a director or a members to be separately stated.

Amended, Covered in point (iv) above

Debts due from other companies under the same management within the meaning of sub-section (1B) of section 370, to be disclosed with the names of the Companies.


The maximum amount due by directors or other officers of the company at any time during the year to be shown by way of a note.


The provisions to be shown under this head should not exceed the amounts of debts stated to be considered doubtful or bad and any surplus of such provision if already created, should be shown at every closing under "Reserves and Surplus" (in the liabilities side) under a separate sub-head "Reserve for Doubtful or Bad Debts".


A B C D E F G H

66

67

68

69

70

71

72

73

74

75

76

77

78

79

80

Haribhakti & Co.

Revised Schedule VIAs per Point No. 6N of General Instructions for Preparation of Balance Sheet

N.

Current Investments

(i) Current investments shall be classified as:

a Investments in Equity Instruments;b Investment in Preference Sharesc Investments in government or trust securities;d Investments in debentures or bonds;e Investments in Mutual Funds;f Investments in partnership firmsg Other investments (specify nature).

(ii) The following shall also be disclosed:

(a) The basis of valuation of individual investments(b) Aggregate amount of quoted investments and market value thereof;

(c) Aggregate amount of unquoted investments;

(d) Aggregate provision for diminution in value of investments



Under each classification, details shall be given of names of the bodies corporate (indicating separately whether such bodies are (i) subsidiaries, (ii) associates, (iii) joint ventures, or (iv) controlled special purpose entities) in whom investments have been made and the nature and extent of the investment so made in each such body corporate (showing separately investments which are partly-paid). In regard to investments in the capital of partnership firms, the names of the firms (with the names of all their partners, total capital and the shares of each partner) shall be given.


A B C D E F G H I J K L M

1

2

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5

6

7

8

9

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11

12

13

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15

16

17

18

19

20

21

22

23

Haribhakti & Co.


Note 1 Disclosure pursuant to Note no.N (i) and (ii) of Part I of Schedule VI to the Companies Act, 1956

Particulars

` `(a) Investment in Equity instruments

(b) Investments in preference shares

(d) Investments in Debentures or Bonds

(e) Investments in Mutual Funds

(f) Investments in partnership firms*

Total (A) - -

Total - -

Particulars

` `

Details of Current Investments


20X1 20X0 20X1 20X0 20X1 20X0

(1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (11) (12)

(a)

(b)

As at 31 March 20X1

As at 31 March 20X0

(c) Investments in Government or Trust securities

(g) Other non-current investments (specify nature)

Less : Provision for dimunition in the value of Investments

As at 31 March 20X1

As at 31 March 20X0

Aggregate amount of quoted investments (Market value of ` __ (Previous Year ` __)

Aggregate amount of unquoted investments (Previous Year ` __)



Quoted / Unquoted



Amount (`) Basis of Valuation

Investement in Equity Instruments

Investments in Preference Shares

A B C D E F G H I J K L M24

25

26

27

28

29

30

31

32

33

34

35

36

37

38

39

40

41

42

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45

46

47

48

49

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58

Haribhakti & Co.

(c)

(d)

(e) Investments in Mutual Funds

(f)

(g)

Total - -

* G. Investment in _________(Name of the Firm)Name of the Partners Share of Capital

Partner 1

Partner 2

Total Capital -


Investments in Debentures or Bonds

Investments in partnership firms*



59

60

61

62

63

64

65

66

67

68

69

70

71

72

73

74

75

76

77

78

79

80

81

82

83

84

85

86

87

88

89

90

Haribhakti & Co.

Old Schedule VI

A. Investments Remarks

1)

Investments in Government or Trust Securities.2)

3) Immovable properties. Deleted

4)

Investments in the Capital of partnership firms.5) Balance of unutilised monies raised by issue.

The following shall also be disclosed:

(a) Aggregate amount of company's quoted investments and also the market value thereof shall be shown;

(b) Aggregate amount of unquoted investments shall also be shown;

Showing nature of investments and mode of valuation, for example, cost or market value and distinguishing between-

Covered- point ii (a)

Covered- point i( c)

Investments in shares, debentures or bonds (showing separately shares fully paid-up and partly paid-up and also distinguishing the different classes of shares and showing also in similar details investments in shares, debentures or bonds of subsidiary companies.

Covered- point I (f)

Moved to sheet named "Notes" (Point V in the

revised Sch VI)

Covered - point ii (b)

Covered - point ii (c)

All unutilised monies out of the issue must be separately disclosed in the Balance Sheet of the company indicating the form in which such unutilised funds have been invested.

Moved to sheet named "Notes" (Point V in the

revised Sch VI)


91

92

93

94

95

96

97

98

99

100

101

102

103

104

Haribhakti & Co.

Revised Schedule VIAs per Point No. 6O of General Instructions for Preparation of Balance Sheet

O. Inventories

(i) Inventories shall be classified as:

a Raw materials;b Work-in-progressc Finished goodsd Stock-in-tradee Stores and sparesf Loose Toolsg Others

(ii) Goods-in-transit shall be disclosed under the relevant sub-head of inventories.

(iii) Mode of valuation shall be stated. Existing


Presentation modified (Refer Note 1)

New insertion (refer Note 1)

A B C D E F G H

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6

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8

9

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12

13

14

15

16

17

18

19

Haribhakti & Co.


Note 1 Disclosure pursuant to Note no.O (i), (ii) and (ii) of Part I of Schedule VI to the Companies Act, 1956

Inventories As at 31 March 20X1 As at 31 March 20X0

` ` ` `

a. Raw Materials and components (Valued at_____)

Goods-in transit

- -

b. Work-in-progress (Valued at _____)

Goods-in transit

- -

c. Finished goods (Valued at _____)

Goods-in transit

- -

d. Stock-in-trade (Valued at _____)

Goods-in transit

- -

e. Stores and spares (Valued at _____)

Goods-in transit

- -

f. Loose Tools (Valued at _____)

Goods-in transit

- -

g. Others (Specify nature)

- -

Total - -

A B C D E F G H

20

21

22

23

24

25

26

27

28

29

30

31

32

33

34

35

36

37

38

39

40

41

42

43

44

45

46

47

48

49

50

51

Haribhakti & Co.

Old Schedule VI

Inventories Remarks

Stores and spare parts. Presentation modified

Loose Tools Presentation modified

Stock-in-trade Presentation modified

Works-in-Progress Presentation modified

(a)

(b) ++Mode of valuation of works-in-progress shall be stated.

+Mode of valuation of stock shall be stated and the amount in respect of raw material shall also be stated separately where practicable.

Covered in point (iii) above

Covered in point (iii) above

A B C D E F G H

52

53

54

55

56

57

58

59

60

61

62

Haribhakti & Co.

Revised Schedule VIAs per Point No. 6P of General Instructions for Preparation of Balance Sheet

P. Trade Receivables

(i)Modified (refer Note 1)

(ii) Trade receivables shall be sub-classified as:(a) Secured, considered good; Existing (refer Note 1)

(b) Unsecured considered good; Existing (refer Note 1)

(c) Doubtful Existing (refer Note 1)

(iii) Allowance for bad and doubtful debts shall be disclosed under the relevant heads separately.

(iv)


Aggregate amount of Trade Receivables outstanding for a period exceeding six months from the date they are due for payment should be separately stated.

Presentation modified (refer Note 1)

Debts due by directors or other officers of the company or any of them either severally or jointly with any other person or debts due by firms or private companies respectively in which any director is a partner or a director or a member should be separately stated.

Presentation modified (refer Note 1)

A B C D E F G H

1

2

3

4

5

6

7

8

9

10

11

12

13

14

15

16

17

18

Haribhakti & Co.


Note 1 Disclosure pursuant to Note no.P (i), (ii), (iii) and (iv) of Part I of Schedule VI to the Companies Act, 1956

Trade Receivables

` `



Unsecured, considered doubtful


- -



Unsecured, considered doubtful


- -

Total - -

Trade Receivable stated above include debts due by:

Particulars

` `

Directors *




- -


As at 31 March 20X1

As at 31 March 20X0

Trade receivables outstanding for a period less than six months from the date they are due for payment

Trade receivables outstanding for a period exceeding six months from the date they are due for payment

As at 31 March 20X1

As at 31 March 20X0

A B C D E F G H

19

20

21

22

23

24

25

26

27

28

29

30

31

32

33

34

35

36

37

38

39

40

41

42

43

44

45

46

47

48

49

50

51

52

Haribhakti & Co.

Old Schedule VI

Sundry debtors Remarks

Debts outstanding for a period exceeding six months. Covered- point i

Other debts.

Less: Provision Covered- point iii

In regard to Sundry Debtors particulars to be given separately of-

(a) debts considered good and in respect of which the company is fully secured; and Covered- point ii

(b) debts considered good for which the company holds no security other than the debtor’s personal security; and Covered- point ii

(c) debts considered doubtful or bad. Covered- point ii

Covered- point iv








A B C D E F G H54

55

56

57

58

59

60

61

62

63

64

65

66

67

68

69

70

Haribhakti & Co.

Revised Schedule VIAs per Point No. 6Q of General Instructions for Preparation of Balance Sheet

Q Cash and cash equivalents

(i) Cash and cash equivalents shall be classified as:(a) Balances with banks; Presentation modified

(b) Cheques, drafts on hand; Presentation modified

( c) Cash on hand; Presentation modified

(d) Others (specify nature). Presentation modified

(ii) Earmarked balances with banks (for example, for unpaid dividend) shall be separately stated. New insertion

(iii) New insertion

(iv) New insertion

(v) Bank deposits with more than 12 months maturity shall be disclosed separately. New insertion


Balances with banks to the extent held as margin money or security against the borrowings, guarantees, other commitments shall be disclosed separately.

Repatriation restrictions, if any, in respect of cash and bank balances shall be separately stated.

A B C D E F G H

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2

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8

9

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11

12

13

14

15

16

17

18

19

Haribhakti & Co.


Note 1 Disclosure pursuant to Note no.Q (i), (ii), (iii), (iv) and (v) of Part I of Schedule VI to the Companies Act, 1956

Cash and cash equivalents As at 31 March 20X1 As at 31 March 20X0

` ` ` `

a. Balances with banks* - - This includes:

- - Margin money - -

Security against borrowings - -

Guarantees - -

Other Commitments - -

Bank deposits with more than 12 months maturit - -

b. Cheques, drafts on hand - -

c. Cash on hand* - -

d. Others (specify nature) - -

- -

*Repatriation restrictions, if any, in respect of cash and bank balances shall be separately stated.

Old Schedule VI

Cash balance on hand Remarks

Cash balance on hand Covered- point i ( c)

a Balances with scheduled banks: Covered- point i (a)

On current accounts

On call accounts

On deposit accounts

On unpaid dividend accountsb Balance with other banks: Covered- point i (a)

On current accounts

On call accounts

On deposit accounts

In regard to bank balances, particulars to be given separately of-(a)

the balances lying with Scheduled Banks on current accounts, call accounts and deposit accounts; (b)

( c)

Earmarked Balances (eg/- unpaid dividend accounts)


the name of the bankers other than Scheduled Banks and the balance lying with each such banker on current accounts, call accounts and deposit account the maximum amount outstanding at any time during the year from each such banker; and


the nature of the interest, if any, of any director or his relative or the 3[***] in each of the bankers (other than Scheduled Banks) referred to in (b) above.]


A B C D E F G H

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59

Haribhakti & Co.

(d)All unutilised monies out of the issue must be separately disclosed in the Balance Sheet of the company indicating the form in which such unutilised funds have been invested.]


A B C D E F G H

60

Haribhakti & Co.

Revised Schedule VIAs per Point No. 6R of General Instructions for Preparation of Balance Sheet

R. Short-term loans and advances(i) Short-term loans and advances shall be classified as: New Insertion

a Loans and advances to related parties (giving details thereof);

b Other loans and advances (specify nature). Existing (Note 1)

(ii) The above shall also be separately sub-classified as:a Secured, considered good; Existing (Note 1)

b Unsecured, considered good; Existing (Note 1)

c Doubtful. Existing (Note 1)

(iii) Allowance for bad and doubtful loans and advances shall be disclosed under the relevant heads separately.

(iv)

Existing (note 2)


Presentation modified (Note 1)

Presentation modified (Note 1)

Loans and advances due by directors or other officers of the company or any of them either severally or jointly with any other persons or amounts due by firms or private companies respectively in which any director is a partner or a director or a member should be separately stated.

A B C D E F G H

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2

3

4

5

6

7

8

9

10

11

12

13

14

15

16

17

Haribhakti & Co.


Note 1 Disclosure pursuant to Note no.R (i), (ii)and (iii) of Part I of Schedule VI to the Companies Act, 1956

Short-term loans and advancesAs at 31 March 20X1 As at 31 March 20X0

` ` ` `



Doubtful

- -

b. Others (specify nature)



Doubtful

Less:Provision for ______________

- -

- -

Note 2 Disclosure pursuant to Note no.R (iv) of Part I of Schedule VI to the Companies Act, 1956

` `

Directors *



- -


a. Loans and advances to related parties (refer note 2)

Less:Provision for doubtful loans and advances

As at 31 March 20X1

As at 31 March 20X0


A B C D E F G H

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19

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31

32

33

34

35

36

37

38

39

40

41

42

43

44

45

46

47

48

49

50

51

52

53

54

55

Haribhakti & Co.

Old Schedule VI

Loans and advances Remarks

(a) Advances and loans to subsidiaries. Covered- point i (a)

(b) Advances and loans to partnership firms in which the company or any of its subsidiaries is a partner. Covered- point iv

( c) Bills of Exchange

(d) Advances recoverable in cash or in kind or for value to be received, e.g., Rates, Taxes, Insurance, etc.






Covered in point (iv) above







A B C D E F G H

56

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60

61

62

63

64

65

66

67

68

69

70

Haribhakti & Co.

Revised Schedule VIAs per Point No. 6S of General Instructions for Preparation of Balance Sheet

S. Other current assets (specify nature)

This is an all-inclusive heading, which incorporates current assets that do not fit into any other asset categories.


A B C D E F G H

1

2

3

4

5

6

7

Haribhakti & Co.

Revised Schedule VIAs per Point No. 6T of General Instructions for Preparation of Balance Sheet

T. Contingent liabilities and commitments (to the extent not provided for)

(i) Contingent liabilities shall be classified as:

a Claims against the company not acknowledged as debt Existing (Note 1)

b Guarantees New insertion (Note 1)

c Other money for which the company is contingently liable Existing (Note 1)

(ii) Commitments shall be classified as:

a Estimated amount of contracts remaining to be executed on capital account and not provided Existing (Note 1)

b Uncalled liability on shares and other investments partly paid Existing (Note 1)

c Other commitments (specify nature) Existing (Note 1)


Note 1Disclosure pursuant to Note no. 6(T) of Part I of Schedule VI to the Companies Act, 1956

` `

(i) Contingent Liabilities

(b) Guarantees

- -

(ii) Commitments

(c) Other commitments (specify nature)

- -

- -

Old Schedule VI

Contingent Liability Remarks

A foot-note to the balance-sheet may be added to show separately:

(a) Claims against the company not acknowledged as debts

(b) Uncalled liability on shares partly paid

( c) Arrears of fixed cumulative dividends Covered in sheet 'Notes'

(d) Estimated amount of contracts remaining to be executed on capital account and not provided


Contingent liabilities and commitments (to the extent not

provided for)

As at 31 March 20X1

As at 31 March 20X0

(a) Claims against the company not acknowledged as debt

(c) Other money for which the company is contingently liable

(a) Estimated amount of contracts remaining to be executed on capital account and not provided for

(b) Uncalled liability on shares andd other investments partly paid

Covered as per point '(i)a' above

Covered as per point '(ii)b' above

Covered as per point '(ii)a' above

A B C D E F G H

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45

Haribhakti & Co.

(e) Other money for which the company is contingently liable Covered as per point '(i)c' above

A B C D E F G H

46

Haribhakti & Co.

Covered in sheet 'Notes'

I J K

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19

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30

31

32

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34

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36

37

38

39

40

41

42

43

44

45

Haribhakti & Co.

Revised Schedule VIAs per Point No. 6U to 6W of General Instructions for Preparation of Balance Sheet

Particulars

U

As per Point No. 6T of General Instructions for Preparation of Balance Sheet Refer Note 1

V

Refer Note 2

W

Refer Note 3


Note 1Disclosure pursuant to Note no. 6(U) of Part I of Schedule VI to the Companies Act, 1956

Particulars Total ` Per share `


Where in respect of an issue of securities made for a specific purpose, the whole or part of the amount has not been used for the specific purpose at the balance sheet date, there shall be indicated by way of note how such unutilized amounts have been used or invested.

If, in the opinion of the Board, any of the assets other than fixed assets and non-current investments do not have a value on realization in the ordinary course of business at least equal to the amount at which they are stated, the fact that the Board is of that opinion, shall be stated.

Dividends proposed to be distributed to equity shareholders

Dividends proposed to be distributed to preference shareholders

Arrears of fixed cumulative dividends on preference shares

A B C D E F G H

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2

3

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5

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8

9

10

11

12

13

14

15

16

17

18

19

20

21

Haribhakti & Co.

A B C D E F G H

22

Haribhakti & Co.

Note 2Disclosure pursuant to Note no. 6(V) of Part I of Schedule VI to the Companies Act, 1956

Note 3Disclosure pursuant to Note no. 6(W) of Part I of Schedule VI to the Companies Act, 1956

Name of Assets Realisable Value Opinion of Board

Where in respect of an issue of securities made for a specific purpose, the whole or part of the amount has not been used for the specific purpose at the balance sheet date, Indicate below how such unutilized amounts have been used or invested.

In the opinion of the Board, all assets other than fixed assets and non current investments, have a realisable value in the ordinary course of business which is not different from the amount at which it is stated, except as stated below:

Value in Balance Sheet

A B C D E F G H

23

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25

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27

28

29

30

31

32

33

34

35

36

37

38

39

40

41

42

Haribhakti & Co.

Revised Schedule VIAs per Point No. 2 of General Instructions for Preparation of Statement of Profit and Loss

2

Revenue From operation

2.(A)

(a) sale of products;(b) sale of services;(c) other operating revenues;

Less:(d) Excise duty.

2.(B)

(a) Interest; and(b) Other financial services


Note 1 Disclosure pursuant to Note no. 2 of Part II of Schedule VI to the Companies Act, 1956

Particulars

` `

Sale of products

Sale of services

Other operating revenues

Less:

Excise duty

Total - -

Particulars

` `

Interest; and

Other financial services

Total - -


In respect of a company other than a finance company revenue from operations shall disclose separately in the notes revenue from

Refer Sheet 'P & L Comparison with

Old SchVI'In respect of a finance company, revenue from operations shall include revenue from

Revenue under each of the above heads shall be disclosed separately by way of notes to accounts to the extent applicable.


For the year ended 31 March

20X1


20X0

In respect of a finance company, revenue from operations shall include revenue from


20X1


20X0

A B C D E F G H

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12

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16

17

18

19

20

21

22

23

24

25

26

27

28

29

30

31

32

33

34

35

36

37

Haribhakti & Co.


A B C D E F G H

38

Haribhakti & Co.


4

Other income

Other income shall be classified as:(a) Interest Income (in case of a company other than a finance company);(b) Dividend Income;(c) Net gain/loss on sale of investments(d) Other non-operating income (net of expenses directly attributable to such income).


Note 1 Disclosure pursuant to Note no. 4 of Part II of Schedule VI to the Companies Act, 1956

Particulars

` `

Interest Income (in case of a company other than a finance company)

Dividend Income

Net gain/loss on sale of investments

Other non-operating income (net of expenses directly attributable to such income)

Total - -


Refer Sheet 'P & L Comparison

with Old Sch VI'

For the year ended 31

March 20X1


March 20X0

A B C D E

1

2

3

4

5

6

7

8

9

10

11

12

13

14

15

16

17

18

19

20

21

22

Haribhakti & Co.


3 Finance Costs

Finance costs shall be classified as:(a) Interest expense;(b) Other borrowing costs;(c) Applicable net gain/loss on foreign currency transactions and translation.


Note 1Disclosure pursuant to Note no. 3 of Part II of Schedule VI to the Companies Act, 1956

Particulars

`

Interest expense

Other borrowing costs

Applicable net gain/loss on foreign currency transactions and translation

Total -


Refer Sheet 'P & L

Comparison with Old Sch VI


March 20X1

A B C D

1

2

3

4

5

6

7

8

9

10

11

12

13

14

15

16

17

18

19

20

21

22

Haribhakti & Co.

As per Point No. 3 of General Instructions for Preparation of Statement of Profit and Loss

Disclosure pursuant to Note no. 3 of Part II of Schedule VI to the Companies Act, 1956

`

-


March 20X0

E

1

2

3

4

5

6

7

8

9

10

11

12

13

14

15

16

17

18

19

20

21

22

Haribhakti & Co.


5 Additional Information Remarks

(i) (a)

Note 1

(b) Depreciation and amortization expense;

(c)Amendment

(d) Interest Income;

(e) Interest Expense;

(f) Dividend Income;

(g) Net gain/ loss on sale of investments;

(h) Adjustments to the carrying amount of investments;

(i) Net gain or loss on foreign currency transaction and translation (other than considered as finance cost);

(j)

Note 2

(k) Details of items of exceptional and extraordinary nature;

(l) Prior period items;

(ii) (a) In the case of manufacturing companies,-

A Company shall disclose by way of notes additional information regarding aggregate expenditure and income on the following items:-

Employee Benefits Expense [showing separately] :(i) salaries and wages, (ii) contribution to provident and other funds, (iii) expense on Employee Stock Option Scheme (ESOP) and Employee Stock Purchase Plan (ESPP), (iv) staff welfare expenses

Any item of income or expenditure which exceeds one per cent of the revenue from operations or Rs.1,00,000, whichever is higher;

Payments to the auditor as a. auditor,b. for taxation matters, c. for company law matters, d. for management services, e. for other services, f. for reimbursement of expenses;

New Terminology used "BROAD

HEADS"

A B C D E F G H I J

1

2

3

4

5

6

7

8

9

10

11

12

13

14

15

16

17

18

Haribhakti & Co.

(ii)

(1)

(2) goods purchased under broad heads.

In the case of trading companies, purchases in respect of goods traded in by the company under broad heads.

(c)

(d)

(e) In the case of other companies, gross income derived under broad heads.

(iii) In the case of all concerns having works in progress, works-in-progress under broad heads.

(iv) (a)

(b) The aggregate, if material, of any amounts withdrawn from such reserves.

(v) (a)

(b) The aggregate, if material, of the amounts withdrawn from such provisions, as no longer required.

(vi) Expenditure incurred on each of the following items, separately for each item:-

(a) Consumption of stores and spare parts.

(b) Power and fuel.

(c) Rent.

(d) Repairs to buildings.

(e) Repairs to machinery.

(g) Insurance .

(h) Rates and taxes, excluding, taxes on income.

(i) Miscellaneous expenses,

(vii) (a) Dividends from subsidiary companies.

(b) Provisions for losses of subsidiary companies.

(Viii) The profit and loss account shall also contain by way of a note the following information, namely:-

a) Value of imports calculated on C.I.F basis by the company during the financial year in respect of –

New Terminology used "BROAD

HEADS"

Raw materials under broad heads.

Depreciation In the case of companies rendering or supplying services, gross income derived form services rendered or supplied

under broad heads.

In the case of a company, which falls under more than one of the categories mentioned in (a), (b) and (c) above, it shall be sufficient compliance with the requirements herein if purchases, sales and consumption of raw material and the gross income from services rendered is shown under broad heads.

The aggregate, if material, of any amounts set aside or proposed to be set aside, to reserve, but not including provisions made to meet any specific liability, contingency or commitment known to exist at the date as to which

Same as Old Schedule VI

The aggregate, if material, of the amounts set aside to provisions made for meeting specific liabilities, contingencies or commitments.



I. Raw materials;II. Components and spare parts;III. Capital goods;

A B C D E F G H I J

19

20

21

22

23

24

25

26

27

28

29

30

31

32

33

34

35

36

37

38

39

40

41

42

43

Haribhakti & Co.

(Viii)

b)

c)

d)

e) Earnings in foreign exchange classified under the following heads, namely:-

Note:-


Expenditure in foreign currency during the financial year on account of royalty, know-how, professional and consultation fees, interest, and other matters;

Total value if all imported raw materials, spare parts and components consumed during the financial year and the total value of all indigenous raw materials, spare parts and components similarly consumed and the percentage of each to the total consumption;

The amount remitted during the year in foreign currencies on account of dividends with a specific mention of the total number of non-resident shareholders, the total number of shares held by them on which the dividends were due and the year to which the dividends related;

I. Export of goods calculated on F.O.B. basis;II. Royalty, know-how ,professional and consultation fees;III. Interest and dividend;IV. Other income, indicating the nature thereof

Broad heads shall be decided taking into account the concept of materiality and presentation of true and fair view of financial statements,”.

A B C D E F G H I J

44

45

46

47

48

49

Haribhakti & Co.


Note 1 Disclosure pursuant to Note no. 5(i)(a) of Part II of Schedule VI to the Companies Act, 1956

Employee Benefits Expense

` `

(a) Salaries and incentives

(b) Contributions to -

(c) Gratuity fund contributions

(f) Staff welfare expenses

Total - -

Note 2 Disclosure pursuant to Note no. 5(i)(g) of Part II of Schedule VI to the Companies Act, 1956

Payments to the auditor as

` `

a. auditor

b. for taxation matters

c. for company law matters

d. for management services

e. for other services

f. for reimbursement of expenses


March 20X1


March 20X0

(i) Provident fund(ii) Superannuation scheme

(d) Social security and other benefit plans for overseas employees

(e) expense on Employee Stock Option Scheme (ESOP) and Employee Stock Purchase Plan (ESPP),


March 20X1


March 20X0

A B C D E F G H I J50

51

52

53

54

55

56

57

58

59

60

61

62

63

64

65

66

67

68

69

70

71

72

73

74

75

Haribhakti & Co.

Total - -

A B C D E F G H I J

76

Haribhakti & Co.

Profit & Loss Comparison of Revised Schedule VI with Old Schedule VI

Revised Schedule VI Old Schedule VIRemarks

Particulars Particulars

1 Deleted (Marked in Red)

2.(A) 3

(a) sale of products;

(b) sale of services; (b)

(c) other operating revenues; (c) Commission paid to other selling agents.

Less: (d)

(d) Excise duty.

2.(B)

(a) Interest; and

(b) Other financial services

3 Finance Costs

New Insertion in Schedule VI

Finance costs shall be classified as:(a) Interest expense;(b) Other borrowing costs;(c)

The provisions of this Part shall apply to the income and expenditure account referred to in sub-section (2) of Section 210 of the Act, in like manner as they apply to a statement of profit and loss.

1. The provisions of this part shall apply to the income & expenditure account referred to in sub-section (2) of section 210 of the Act, in like manner as they apply to a profit and loss account, but subject to the modification of references as specified in that sub–section.


The P & L A/C shall set out the various items relating to of I & E of the Co. arranged under the most convenient heads and in particular, shall disclose the following information in respect of the period covered by the account:

In Revised Schedule VI there are differenct disclosure requirements for

1. Company other than a Finance Company

2. Finance Company

(i) (a) Turnover: Aggregate amount of sales, showing amount and quantity of sales of each class of goods separately.

Commission paid to sole selling agent within the meaning of section 294 of the Act

Brokerage and Discount on sales (other than usual trade discount).

In respect of a finance company, revenue from operations shall include revenue from


Applicable net gain/loss on foreign currency transactions and translation.

A B C D E F

1

2

3

4

5

6

7

8

9

10

11

12

13

14

15

16

17

18

19

20

21

22

Haribhakti & Co.

4 Depreciation and amortization expense

New Insertion in Schedule VI

Other income shall be classified as:

(a)

(b) Dividend Income;

(c) Net gain/loss on sale of investments

(d)

5 Additional Information

(i)

(a) 3 (x) (f)

Same as old Schedule VI

(b) Depreciation and amortization expense; 3 (iv)

Interest Income (in case of a company other than a finance company);

Other non-operating income (net of expenses directly attributable to such income).

A Company shall disclose by way of notes additional information regarding aggregate expenditure and income on the following items:-

Employee Benefits Expense [showing separately] :(i) salaries and wages, (ii) contribution to provident and other funds, (iii) expense on Employee Stock Option Scheme (ESOP) and Employee Stock Purchase Plan (ESPP), (iv) staff welfare expenses

1. Salaries, wages and bonus2. Contribution to other funds3. Workmen and staff welfare expenses (to the extent not adjusted from any of previous provision or reserves.)

The amount provided for depreciation, renewals or diminution in value of fixed assets. Method adopted for making such provision should be given in case if provision is not made as per depreciation charge.

Depreciation, renewals or diminution in value of fixed assets. (If no provision is made, fact and quantum of arrears of depreciation u/s. 205(2) to be disclosed).

A B C D E F23

24

25

26

27

28

29

30

31

32

33

34

35

Haribhakti & Co.

(c)

Amendment in clause 3 (x) (i)

(d) Interest Income;

(e) Interest Expense; 3 (v)

(f) Dividend Income; 3 (xiv)

(g) Net gain/ loss on sale of investments; 3 (xii)

(h)

(i)

New Insertion

(j) 4B.


(a) As auditor;

(b)

(i) Taxation matters;

(ii) Company law matter

(iii) Management services; and

(c) In any other manner.

(k) 2

(l) Prior period items;

Any item of income or expenditure which exceeds one per cent of the revenue from operations or Rs.1,00,000, whichever is higher;

The amount of interest on company’s debentures and other loans for fixed periods, stating separately the amount of interest, if any paid or payable to the managing director, managing agents, secretaries, treasures and the manager, if any.

The aggregate amount of the dividends paid, and proposed and stating whether such amounts are subject to deduction of income tax or not.

a.) Profit or losses on investments (extent of profit or loss on account of membership of a partnership firm) (to the extent not adjusted from any previous provision or reserve.b.) Profit or losses in respect of transactions of a kind, not usually undertaken by the company

Adjustments to the carrying amount of investments;

Net gain or loss on foreign currency transaction and translation (other than considered as finance cost);

Payments to the auditor as (a) auditor,(b) for taxation matters, (c) for company law matters, (d) for management services, (e) for other services, (f) for reimbursement of expenses;

Payments to the Auditors (Whether as fees, expenses or otherwise for services rendered)

As adviser, or in any other capacity, in respect of

Details of items of exceptional and extraordinary nature;

(b) Shall disclose every material feature, including credits or receipts and debits or expenses in respect of non-recurring or exceptional transactions or transaction of exceptional nature

A B C D E F

36

37

38

39

40

41

42

43

44

45

46

47

48

49

50

51

Haribhakti & Co.

(ii) (ii)

(a) (a) In the case of manufacturing Companies, —

(b) (b)

(c) (c)

(d) (d)

(e) (e)

(iii) (iii)

In the case of manufacturing companies,-

New Terminology used "BROAD HEADS"

1. Raw materials under broad heads.2. goods purchased under broad heads.

1.Item wise breakup of value and quantity of all-important basic raw materials consumed. (Items valuing 10% or more of the total value of the raw materials consumed shall be shown as a separate item). The intermediates or components procured from other manufacturers may be included in the breakup; (if their list is too large than it should be grouped under suitable heading without mentioning the quantities.

2.Value and quantity of opening and closing stocks of each class of goods produced.

In the case of trading companies, purchases in respect of goods traded in by the company under broad heads.

In case of trading companies:Value and quantity of purchases, opening and closing stocks of each class of goods should be indicated.

In the case of companies rendering or supplying services, gross income derived form services rendered or supplied under broad heads.

In case of service companies gross income derived from services rendered or supplied.

In the case of a company, which falls under more than one of the categories mentioned in (a), (b) and (c) above, it shall be sufficient compliance with the requirements herein if purchases, sales and consumption of raw material and the gross income from services rendered is shown under broad heads.

In case of Company, which falls under more than one of the categories mentioned in a., b., & c. above, it shall be sufficient that the total amounts are shown in respect of opening and closing stocks, purchases, sales and consumption of raw materials with the value and quantitative break-up and the gross income form the services rendered is shown.

In the case of other companies, gross income derived under broad heads.

In case of other companies, the gross income derived under different heads.

In the case of all concerns having works in progress, works-in-progress under broad heads.

Works–in–progress at the commencement and at the end of the accounting period. New Terminology used "BROAD

HEADS"

A B C D E F52

53

54

55

56

57

58

59

60

61

62

63

Haribhakti & Co.

(iv) (viii)


(a) (a)

(b) (b)

(v) (ix)


(a) (a)

(b) (b)

(vi) (x)

(a)Consumption of stores and spare parts

(b) Power and fuel. (b) Power and fuel

(c) Rent. (c) Rent.

(d) Repairs to buildings. (d) Repairs to buildings.

(e) Repairs to machinery. (e) Repairs to machinery.

(g) Insurance . (f)1. Salaries, wages and bonus

2. Contribution to other funds

(i) Miscellaneous expenses,

Note 1:

(g) Insurance .

The aggregate, if material, of any amounts set aside or proposed to be set aside, to reserve, but not including provisions made to meet any specific liability, contingency or commitment known to exist at the date as to which the balance-sheet is made up.

The aggregate, if material, of any amounts set aside or proposed to set aside, to reserves, but not including provisions made to meet any specific liability, contingency or commitment known to exist at which the balance sheet is made up.

The aggregate, if material, of any amounts withdrawn from such reserves.

The aggregate, if material, of any amounts withdrawn from such reserves.

The aggregate, if material, of the amounts set aside to provisions made for meeting specific liabilities, contingencies or commitments.

The aggregate, if material, of any amounts set aside to provisions made for meeting specific liabilities, contingencies or commitment

The aggregate, if material, of the amounts withdrawn from such provisions, as no longer required.

The aggregate, if material, of any amounts withdrawn from such provisions, as no longer required.

Expenditure incurred on each of the following items, separately for each item:-

Expenditure incurred on each of the following items, separately for each item:—

Same as old Schedule VI subject to amnedment in point (x) (i) and point (x) (f) is covered by point 5 (i) (a) in new revised

Schedule VI

(a) Consumption of stores and spare parts.


3. Workmen and staff welfare expenses (to the extent not adjusted from any of previous provision or reserves.)

information in respect of this item should also be given in the balance sheet under the relevant provision or reserve account.


A B C D E F64

65

66

67

68

69

70

71

72

73

74

75

76

77

78

79

80

81

82

83

Haribhakti & Co.

(vi)

(vii) (xiii)

Same as old Schedule VIa) Dividends from subsidiary companies. (a) Dividend from subsidiary companies.

b) (b) Provisions for losses of subsidiary companies.

(Viii)


a) (a) Value of imports on CIF basis in respect of

I. Raw materials; 1. raw materials;

II. Components and spare parts; 2. components and spare parts;

III.Capital goods; 3. capital goods

b) (b)

c) (c)

d) (d)

e) (e) Earnings in foreign exchange, namely

Same as old Schedule VI subject to amnedment in point (x) (i) and point (x) (f) is covered by point 5 (i) (a) in new revised

Schedule VI

(i) Miscellaneous expenses. (Exp. totalling 1% of total revenue of the Company or Rs. 5,000 whichever is higher shall be shown as a separate item.)

Provisions for losses of subsidiary companies.

The profit and loss account shall also contain by way of a note the following information, namely:-

4D. Following information to be included by way of note;

Value of imports calculated on C.I.F basis by the company during the financial year in respect of –

Expenditure in foreign currency during the financial year on account of royalty, know-how, professional and consultation fees, interest, and other matters;

Expenditure in foreign currency for royalty, know-how, professional and consultation fees, interest and other matters.

Total value if all imported raw materials, spare parts and components consumed during the financial year and the total value of all indigenous raw materials, spare parts and components similarly consumed and the percentage of each to the total consumption;

value of imported raw materials, spare parts and components consumed; value of indigenous raw materials, spare parts and components consumed; and percentage of each to total consumption.

The amount remitted during the year in foreign currencies on account of dividends with a specific mention of the total number of non-resident shareholders, the total number of shares held by them on which the dividends were due and the year to which the dividends related;

dividends remitted in foreign currencies; number of non-resident shareholders; number of shares held by them on which dividends are due and the year to which dividends relate.

Earnings in foreign exchange classified under the following heads, namely:-

A B C D E F

84

85

86

87

88

89

90

91

92

93

94

95

96

97

98

Haribhakti & Co.


I.Export of goods calculated on F.O.B. basis;II.Royalty, know-how ,professional and consultation fees;III.Interest and dividend;IV.Other income, indicating the nature thereof

a. Exports (F.O.B. basis)b. Royalty, know-how, c. professional and consultation fees;d. Interest and dividende. Other income, indicating the nature thereof.

Note:-Broad heads shall be decided taking into account the concept of materiality and presentation of true and fair view of financial statements,”.

A B C D E F

99

100

101

102

103

104

Haribhakti & Co.

Removed from Revised Schedule VI

The P & L A/c-

(a) Shall be so made out clearly to disclose the result of the working of the company during the period covered by the account

3 (vi)

3 (vii) Amounts reserved for repayment of share capital/loans.3 (xi)

3 (xv) Amount, if material by which any items shown in the profit & loss account are affected by any change in the basis of accounting.

4

4A.

4C.

(a) The licensed capacity (where licence is in force)

(b) the installed capacity; and

(c) the actual production.

5 (a)

5 (b)

2.

The amount of charge for income tax and other Indian taxation on profits imposed elsewhere to the extent of the relief, if any, from Indian income tax and distinguishing, where practicable, between income tax and other taxation.

(a) The amount of income from investment, distinguishing between trade investments and other investments.(b) Other income by way of interest, specifying the nature of the income.(c) The amount of income tax deducted if the gross income is stated under sub-paragraphs a & b above.

Payment to Directors including Managing Directors, managing agents, secretaries, treasurers & Manager, if any by the Company, subsidiary of the Company and any other person for following:Managerial remuneration u/s. 198 of the Act paid or payable during the financial year to the directors (including managing director).a) Expenses reimbursed to the managing agent under section 354.b) Commission or other remuneration payable separately to managing agent or his associate under sections 356, 357 and 358.c) Commission received of receivable under section 359 of the Act by the managing agent or his associate as selling or buying agent of the other concerns in respect of contract entered into such concerns with the companyd) The money value of the contracts for the sale or purchase of goods and materials or supply of services, entered into by the company with the managing agent or his associate under section 360 during the financial year.e) Other allowance and commission including guarantee commission (details to be given).f) Any other perquisite or benefits in cash or in kind. (Stating approximate money value where practicable)g) Pension, gratuities, payments from provident funds, in excess of own subscription and interest thereon, compensation for loss of office, retirement consideration, etc.

Computation of net profit u/s. 349 with details of the commission payable as percentage of profits to the directors including Managing Directors/Manager (if any) should be stated by way of note.

In case of manufacturing companies in respect of each class of goods manufactured, detailed quantitative information in regard to:

Except in the case of the first Profit & Loss A/c, the corresponding amounts for the immediately preceding financial year for all items shall also be shown.

The requirements in sub–clause (1) shall, in the case of companies preparing quarterly or half yearly accounts, relate to the profit and loss account for the period which entered on the corresponding date of the previous year.

A B C D E F

105

106

107

108

109

110

111

112

113

114

115

116

117

118

119

9 revised schedule vi in excel (1)

Documents

hundred crore

revised schedule

staff welfare

shares units

share application

revised sch

unsecured

considered