Schedule VI to the Companies Act, 1956 (‘the Act’) provides the format in which companies registered under the Act prepare and present their financial statements. The revised Schedule VI introduces some significant conceptual changes primacy to the requirements of the accounting standards.
The implications of the revised Schedule VI are varied and are expected to present a large number of implementation issues. Companies will need to plan and implement modifications in accounting systems and procedures to enable reporting under the revised Schedule VI.
KPMG in India has the knowledge and experience in providing our clients with training and implementation assistance on the revised Schedule VI.
