General Circular 0842014

General Circular 0842014 No. 1/19/2013-CL-V Government of India Ministry of Corporate Affairs 5th Floor , 'A' Wing, Shastri Bhavan, Dr. R P Road, New Delhi- 110 001. Dated 04.04.2014 To All Regional Directors, All Registrar of Companies; All Stakeholders: Subject: Commencement of provisions of the Companies Act, 2013 with regard to maintenance of books Of accounts and preparations/adoption /filing of financial statements, auditors report; Board's report and attachments to such statements and reports _ Applicability with regard to relevant financial year. Sir, number of provisions of the Companies Act, 2013 including those relating to maintenance of books of account; preparation, adoption & filing of financial statements (and documents required to be attached thereto), Auditors reports and the Board of Directors report (Board's report) have been brought into force with effect from 1st April, 2014. Provisions of Schedule II (Useful lives to compute depreciation) and Schedule III (Format of financial statements) have also been brought into force from that date: The relevant Rules pertaining to these provisions have also been notified, placed on the website of the Ministry and have come into force from the same date: The Ministry has received requests for clarification with regard to the relevant financial year with effect from which such provisions of the new Act relating to maintenance of books of account; preparation, adoption and filing of financial statements (and attachments thereto), auditors report and Boards report will be applicable: Page no.2 contd: "I 2- Although the position in this behalf is quite clear, to make things absolutely clear it is hereby notified that the financial statements (and documents required to be attached thereto), auditors report and Board

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