Amendments in "Part I- Form of Balance Sheet" of Schedule VI to Companies Act, 1956 - GSR 423(E), - Companies Law

NOTIFICATION NO. GSR 423(E), DATED 13-9-1996, ISSUED BY THE DEPARTMENT OF COMPANY AFFAIRS, GOVERNMENT OF INDIA Subject:- Amendments in "Part I- Form of Balance Sheet" of Schedule VI to Companies Act, 1956 GSR 423(E),.- In exercise of the powers conferred by sub-section (1) of section 641 of the Companies Act, 1956 (1 of 1956), the Central Government hereby makes the following further alterations in Schedule VI to the said Act, namely: In the said Schedule, in "Part I - Form of Balance Sheet", (1) in the third column headed "Assets" under sub-heading "INVESTMENTS", after item (4), the following item shall be inserted, namely: "(5) Balance of unutilised monies raised by issue;" (2) in the fourth column relating to "Instructions in accordance with which Asset should be made out", (a) after the second paragraph appearing against the sub-heading "INVESTMENT", occurring in the third column, the following para graph shall be inserted, namely: "All unutilised monies out of the issue must be separately disclosed in the Balance Sheet of the company indicating the form in which such unutilised funds have been invested."; (b) after the last paragraph appearing against the sub-item "(7B) Bank balances" under the sub-heading "Current Assets, Loans and Advances" occurring in the third column, the following paragraph shall be inserted, namely: "All unutilised monies out of the issue must be separately disclosed in the Balance Sheet of the company indicating the form in which such unutilised funds have been invested."