Financials Presentation Minor Change

MCA has amended Instructions For Preparation of Balance Sheet and Statement Of Profit And Loss of A Company / NBFCs vide its notification dated 11.10.2018 and accordingly for Division I Part of Schedule III ,

 The words Fixed Assets has been replaced by Property,Plant & Equipment in Balance Sheet and Securities Premium Reserve has been replaced by Securities Premium.

 It is important to note here that Division I of Schedule III provides format for Indian GAAP Companies whereas Division II is for IND AS Companies and Division III for NBFC’s.

Changes has been notified for Division II also,

For details refer attachment.