The Gazette of India
EXTRAORDINARY
PART II—Section 3—Sub-section (i)
PUBLISHED BY AUTHORITY
No. 10] NEW DELHI, THURSDAY, JANUARY 4. 1979/PAUSA 14, 1900
Separate paging is given to this part in order that it may be filed as a separate compilation
22 THE GAZETTE OF INDIA : EXTRAORDINARY IPART II—SEC. 3(i)] 1 3 3 4 (2) Loan fundsMINISTRY OF LAW, JUSTICE AND COMPANY AFFAIRS
(Department of Company Affairs)
N O T I F IC A T I ON
Now Delhi, the 23rd December, 1978
G. S R. 14 (E).—In exercise of the powers conferred by sub- secti on (1) of section 641 of the Companies Act, 1956 (1 of 1956), the Central Government hereby makes the following alterations in part I of Schedule VI to the said Act, namely:—
After Schedule VI, Part I the following opening paragraph and sub-heading shall be inserted, namely:—
"The balance sheet of a company shall be either In horizental
form or vertical form:—
"A—Horizental Form"; "B—Vertical Form";
NAME OF THE COMPANY
BALANCE SHEET AS AT
I. SOURCES OF FUNDS Schedule No.
Figures as at the end of current financial year
Figures as at the end of previous financial year
(1) Shareholders'funds
• t (a) Secured Loans (b) Unsecured Loans
Total:
11. APPLICATION OF
FUNDS:
(1) Fixed assets
(a) Gross block (b) Less depreciation (c) Net block (d) Capital Work in
progress
(2) Investments
(3) Current 'assets Loans and advances
(a) Inventories
(b) Sundary debtors
(c) Cash and bank.
Balances
(d) Other current
Assets
(e) Loans and ad-
vances
Less : Current
Liabilities and Provisions
(a) Liabilities
(b) Provisions
Net Current assets
(4) (a) Miscellaneous Expenditure to tho extent not written off or adjusted
(b) Profit and lois
Account Total:
Notes:
1. Details under each of the above items shall be given in separate Schedules. The Schedules shall incorporate all tho Information required to bo given under Part 1A of the Schedule VI read with Notes containing General Instructions for preparation of balance sheet.
2. Tho Schedules, referred to above, accounting policies and explanatory notes that may be attached shall form an integral part of the balance sheet.
3, The figures in the balance sheet may be rounded off to the nearest "000" or "00" as may bo convenient or may be expressed in terms of decimals of thousands.
4, A foot-note to the balance sheet may be added to show separately contingent liabilities."