2024 Schedule Iii. Get to know the additional disclosures required in financial statements. The ministry of corporate affairs (mca) has amended schedule iii of companies act 2013 (“act”) on 24 march 2021 to increase transparency and provide additional disclosures to users of financial statements.
Schedule iii (see section 129) financial statements for a company whose financial statements are required to comply with the companies (accounting standards) rules,. The article outlines schedule iii’s requirements for financial statement composition and disclosures, including asset classification, balance sheet specifics, and reporting.
