Alterations in Schedule VI under powers conferred by sub-section (1) of section 641 of the Companies Act, 1956. - G.S.R. 545(E). - Companies Law

PUBLISHED IN THE GAZETTE OF INDIA EXTRAORDINARY PART II SECTION 3 SUB-SECTION (i) DATED 1.8.2002 - - - - - - - - - - - - - - - - - - - -- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -- - - - - - - - - - ------------------------------- Government of India Ministry of Finance and Company Affairs (Department of Company Affairs) NOTIFICATION New Delhi, the 1st August, 2002 Subject:- Alterations in Schedule VI under powers conferred by sub-section (1) of section 641 of the Companies Act, 1956. G.S.R. 545(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 : 1. In the said Schedule, in Part I under the heading B. Vertical Form , in the Notes at the end, for para 3, the following shall be substituted, namely : 3. The figures in the balance sheet may be rounded off as under : Where the turnover of the company in any financial year is : Round off permissible (i) less than one hundred crore rupees to the nearest hundreds or thousands, or decimals thereof. (ii) One hundred crore rupees or more but less than five hundred crore rupees to the nearest hundreds, thousands, lakhs or millions, or decimals thereof. (iii) Five hundred crore rupees or more to the nearest hundreds, thousands, lakhs, millions, or crores, or decimals thereof. 2. This notification shall come into force on the date of its publication in the Official Gazette. [F. No.1/5/2002-CL.V] (RAJIV MEHRISHI) Joint Secretary Foot note .- The Schedule was amended vide :- 1. Companies (Amendment) Act, 1960 and subsequently amended vide 2. GSR No.414 dated 21-3-1961. 3. GSR No. 78 dated 4-1-1963. 4. GSR No. 129 dated 3-1-1968. 5. GSR No. 1665 dated 9-10-1971. 6. GSR No.494 (E) dated 30-10-1973. 7. GSR No.455 dated 27-4-1974. 8. GSR No. 220(E) dated 12-3-1979. 9. SO No. 400(E) dated 19-4-1988. 10. GSR No. 784(E) dated 13-7-1988. 11. SO No.723 (E) dated 18-9-1990. 12. GSR No. 388(E) dated 15.5.1995. 13. GSR No. 423(E) dated 13-9-1996. 14. GSR No. 129(E) dated 22-2-1999. 15. GSR No.376 (E) dated 22-5-2002. *******