Question

Mention the disclosure requirement of current investment as per schedule 3 of co. Act 2013

Answer 1

Answer:

The Schedule III to the Companies Act, 2013 (2013 Act) became applicable to all companies for the preparation of financial statements for financial years beginning on or from 1 April 2014. ... Division I is applicable to a company whose financial statements are required to comply with the current accounting standards.

Under the Companies Act, 2013 where a company has one or more subsidiaries, it shall, in addition to financial statements, prepare consolidated financial statement of the company and laid before the annual general meeting of the company.