two. Where compliance with the requirements of related Act, Rules, Pointers or Circulars issued via the related regulator on occasion together with Indian Accounting Standards (Ind AS) (apart from the choice of presenting belongings and liabilities in accordance with present-day, non-present-day classification as furnished by related Ind AS) as applicable into the NBFCs need any alter in treatment method or disclosure including addition, Modification, substitution or deletion in The top or sub-head or any alterations inter se, while in the economic statements or statements forming par t thereof , a similar shall be made and the necessities beneath this Program shall stand modified accordingly.
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ten. The NBFCs preparing money statements According to this Schedule may well alter the get of presentation of line objects to the experience of monetary statements or purchase of line items in the schedules as a way of liquidity, if ideal, taking into consideration the functions executed with the NBFC.
(d) it doesn't have an unconditional correct to defer settlement from the legal responsibility for a minimum of twelve months once the reporting period. Phrases of the legal responsibility that could, at the choice with the counterparty, bring about its settlement by The problem of fairness devices usually do not influence its classification.
2(6) Associate Business, in relation to another enterprise, indicates a firm by which that other organization has an important impact, but which isn't a subsidiary company of the business owning this kind of impact and includes a joint venture corporation.
* Any product beneath the subhead ‘Other folks expenditure’ which exceeds a single for every cent of the overall income to become introduced individually.
G. The presentation of liabilities related to team of property categorized as held on the market and non-current belongings categorized as held for sale shall be in accordance While using the appropriate Indian Accounting Requirements (Ind ASs).
8. For the objective of this Program, the phrases utilised herein shall provide the exact meanings assigned to them in Indian Accounting Requirements.
(iv) period and volume of default as over the balance sheet date in repayment of borrowings and interest, shall be specified separately in Every single scenario.
Exactly where a business has one or more subsidiaries or , it shall, Besides economical statements provided under sub-segment (2), prepare a consolidated monetary statement of the organization and of each of the subsidiaries and associate businesses in the same as that of its own As well as in accordance with relevant accounting expectations, which shall also be laid before the once-a-year typical Conference of the corporate along with the laying of its financial assertion underneath sub-part (2):
(a) the principal amount along with the desire owing thereon (to get proven separately) remaining unpaid to any supplier at the conclusion of Every single accounting year;
Furnished also which the financial statements shall not be taken care of as not disclosing a real and good check out with the point more info out of affairs of the company, just by explanation of The point that they don't disclose—-
: The top line in this chart demonstrates no signal of abating (Particularly as shareholders continue to rally at the rear of hugely paid executives), but The underside a single has incited a motion.
(V) The quantity of dividends proposed to be distributed to fairness and desire shareholders to the interval as well as the similar sum for each share shall be disclosed independently. Arrears of set cumulative dividends on irredeemable choice shares shall even be disclosed independently.