Profit and loss account - Information required to be disclosed in accordance with Part II - Companies Law - Letter : No. 3/189/76-CL-VI,

Circular Letter : No. 3/189/76-CL-VI, dated 25-3-1977. Subject:- Profit and loss account - Information required to be disclosed in accordance with Part II Information in terms of clause (d) of sub-para 3(ii) - The companies which are carrying on trading as well as manufacturing activities should disclose the quantitative particulars for both these activities in regard to opening and closing stocks of purchase/sale and it will not be sufficient merely to show the value and quantitative break up of the raw material consumed but also on all the other items of stocks. It is mandatory for the companies to disclose the quantitative analysis in respect of all the items. It is incorrect to say that para 3(ii)(d) of Part II of Schedule VI make any exception in this regard.