MCA Notifies Companies (Accounts) Amendment Rules, 2018: Companies under Ind AS Rules to forward their Abridged Financial Statement in new Form AOC-3A
The MCA has notified the Companies (Accounts) Amendment Rules, 2018. A new proviso to Rule 10 has been inserted for Companies under Ind AS Rules, 2015 to forward their Abridged Financial Statement in Form AOC-3A, as under:
G.S.R.. (E).-In exercise of the powers conferred by sub-sections (1) and (3) of section 128, sub section (3) of section 129, section 133, section 134, sub-section (1) of 136 read with section 469 of the Companies Act, 2013 (18 of 2013), the Central Government hereby makes the following rules further to amend the Companies (Accounts) Rules, 2014, namely:-
1. (1) These rules may be called the Companies (Accounts) Amendment Rules, 2018. (2) They shall come into force on the date of their publication in the Official Gazette.
2. In the Companies (Accounts) Rules, 2014 (hereinafter referred to as the principal rules), in rule 10, the following proviso shall be inserted, namely:-
“Provided that the Companies which are required to comply with Companies (Indian Accounting Standards) Rules, 2015 shall forward their statement in Form AOC-3A.”.
3. In the principal rules, in the Annexure, after Form ADC-3, the following Form shall be inserted, namely:-
Statement containing salient features of the financial statements
(Division II- Schedule III to the Companies Act, 2013)
(Pursuant to first proviso to sub-section (1) of section 136 of the Act and proviso to rule 10 of the Companies (Accounts) Rules, 2014)
Form of Abridged Financial Statements
(contd… please refer attachment)