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REGISTERED No. D. (D)-72

The Gazette of India

EXTRAORDINARY

FART II—Section 3—Sub-section (i)

PUBLISHED BY AUTHORITY

No.67] NEW DELHI, TUESDAY, MARCH 13, 1979/PHALGUNA 22, 1900

Separate paging is given to this Part in order that it may be filed as a separate compilation.

(367) 1298 Gl/78 368 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(i)J the following opening paragraph and sub-heading shall be inserted, namely :— "The balance she't of a company shall be either in horizontal form or vertical form :

A—Horizontal Form",

(ii) at the end after note (p), the following sub-heading and the entries thereunder shall be inserted, namely :— "B. Vertical Form

Name of the Company Balance Sheet as at

Schedule No.

Figures as at the end of previous financial

Figures as at the end of current financial year year

¹ 2 3

- - — • — —

I. SOURCES OF FUNDS : ~ " ~

(J) Shareholders' funds

(a) Capital (b) Resei"ve!5 and

Surplus (2) Loan funds

(a) Secured ioans (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) Sundry debtors (c) Cash and bank

balances (d) Other current

Assets (e) Loans and

advances

Less :

Current liabilities and

provisions : (a) Liabilities (b) Provisions

Net current assets (4) (a) Miscellaneous expenditure to the extent not written off or adjusted

(b) Profit and loss

account

Total •

Notes :—

MINISTRY OF LAW, JUSTICE AND COMPANY AFFAIRS

(Department of Company Affairs)

NOTIFICATION

1 Details under each of the above items shall be given in separate Schedules. The Schedules shall incorporate all the information required to be given under-A— Horizontal Form read with Notes containing General Instructions for preparation of balance sheet.

New Delhi, the 12th March, 1979

2. The 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 G.S.R. 220(E).—In exercise of the powers conferred by sub- section 0) of section 641 of the Companies Act, 1956(1 of 1956) and in supersession of the notification of the Govern- ment of India in the Ministry of Law, Justice and Company Affairs (Department of Company Affairs) No. G.S.R. 14(E) dated the 23rd December, 1978, the Central Government hereby makes the following alterations in Part I of Schedule Vf lo the said Aci, namely ;— separately contingent liabilities". [File No. 28/1/78—CL-V] A. NEELAK.ANTAN, Joint Secy. In the said Part I,— "(i) after the heading "Part I—Form of Balance Sheet", PRINTED BY THE MANAGER, GOVT. OF INDIA PRESS, RING ROAD, NEW DELHI-110064 AND PUBLISHED BY THE CONTROLLER OF PUBLICATIONS, DELHI-110054, 1 9 79