Schedule III — Schedule III

(See section 129)
1[Division I
FINANCIAL STATEMENTS FOR A COMPANY WHOSE FINANCIAL STATEMENTS ARE
REQUIRED TO COMPLY WITH THE COMPANIES (ACCOUNTING STANDARDS) RULES, 2006
General Instructions for Preparation of Balance Sheet and Statement of Profit and Loss of a Company.]
GENERAL INSTRUCTIONS
1. Where compliance with the requirements of the Act including Accounting Standards as applicable to the
companies require any change in treatment or disclosure including addition, amendment, substitution or deletion in
the head or sub-head or any changes, inter se, in the financial statements or statements forming part thereof, the same
shall be made and the requirements of this Schedule shall stand modified accordingly.
2. The disclosure requirements specified in this Schedule are in addition to and not in substitution of the disclosure
requirements specified in the Accounting Standards prescribed under the Companies Act, 2013. Additional
disclosures specified in the Accounting Standards shall be made in the notes to accounts or by way of additional
statement unless required to be disclosed on the face of the Financial Statements. Similarly, all other disclosures as
required by the Companies Act shall be made in the notes to accounts in addition to the requirements set out in this
Schedule.
3. (i) Notes t o accounts shall contain information in addition to that presented in the Financial Statements and
shall provide where required ( a) narrative descriptions or disaggregations of items recognised in those statements;
and (b) information about items that do not qualify for recognition in those statements.
(ii) Each item on the face of the Balance Sheet and Statement of Profit and Loss shall be cross-referenced to any
related information in the notes to accounts. In preparing the Financial Statements including the notes to accounts, a
balance shall be maintained between providing excessive detail that may not assist users of financial statements and
not providing important information as a result of too much aggregation.
4. (i) Depending upon the 2[Total Income] of the company, the figures appearing in the Financial Statements
3[Shall] be rounded off as given below:—
2[Total Income] Rounding off
(a) less than one hundred crore rupees To the nearest hundreds, thousands, lakhs or
millions, or decimals thereof.
(b) one hundred crore rupees or more To the nearest lakhs, millions or crores, or decimals
thereof.
(ii) Once a unit of measurement is used, it 4[should] be used uniformly in the Financial Statements.
5. Except in the case of the first Financial Statements laid bef ore the Company (after its incorporation) the
corresponding amounts (comparatives) for the immediately preceding reporting period for all items shown in the
Financial Statements including notes shall also be given.
6. For the purpose of this Schedule, the terms used herein shall be as per the applicable Accounting Standards.
Note:— This part of Schedule sets out the minimum requirements for disclosure on the face of the Balance Sheet,
and the Statement of Profit and Loss (hereinafter referred to as “Financial Statements” for the purpose of this
Schedule) and Notes. Line items, sub-line items and sub-totals shall be presented as an addition or substitution

1. Subs. by G.S.R. 404(E), dated 6th April, 2016, for “GENERAL INSTURCTIONS FOR PREPARATION OF BALANCE SHEET AND STATEMENT OF PROFIT
AND LOSS OF A COMPANY”.
2. Subs. by G.S.R. 207(E), dated 24th March, 2021, for “Turnover” (w.e.f. 1 -4-2021).
3. Subs. by G.S.R. 207 (E), dated 24th March, 2021, for “may” (w.e.f. 1-4-2021).
4. Subs. by Notification No. G.S.R. 1022(E), dated 11th October, 2018, for “shall” (w.e.f. 11 -10-218).

on the face of the Financial Statements when such presentation is relevant to an understanding of the
company’s financial position or performance or to cater to industry/sector -specific disclosure requirements
or when required for compliance with the amendments to the Companies Act or under the Accounting
Standards.
PART I — BALANCE SHEET
Name of the Company…………………….
Balance Sheet as at ………………………
(Rupees in…………)

Particulars Note
No.
Figures as at the
end of current
reporting period
Figures as at the end
of the previous
reporting period
1 2 3 4
I. EQUITY AND LIABILITIES
(1) Shareholders’ funds
(a) Share capital
(b) Reserves and surplus
(c) Money received against share
warrants

(2) Share application money pending
allotment

(3) Non-current liabilities
(a) Long-term borrowings
(b) Deferred tax liabilities (Net)
(c) Other Long-term liabilities
(d) Long-term provisions
(4) Current liabilities
(a) Short-term borrowings
1[(b) Trade payables
(A) total outstanding dues of
micro enterprises and small
enterprises; and
(B) total outstanding dues of
creditors other than micro
enterprises and small enterprises.]

(c) Other current liabilities
(d) Short-term provisions
TOTAL



1. Subs. by Notification No. G.S.R. 679(E), dated 4th September 2015, for “(b) Trade payables” (w.e.f. 4-9-2015).

1 2 3 4

II. ASSETS
Non-current assets
(1) (a) 1[Property, Plant and Equipment
2[and Intangible assets]]

(i) 3[Property, Plant and
Equipment]

(ii) Intangible assets
(iii) Capital work-in-progress
(iv) Intangible assets under
development

(b) Non-current investments
(c) Deferred tax assets (net)
(d) Long-term loans and advances
(e) Other non-current assets
(2) Current assets
(a) Current investments
(b) Inventories
(c) Trade receivables
(d) Cash and cash equivalents
(e) Short-term loans and advances
(f) Other current assets
TOTAL
See accompanying notes to the Financial Statements.
Notes
GENERAL INSTRUCTIONS FOR PREPARATION OF BALANCE SHEET
1. An asset shall be classified as current when it satisfies any of the following criteria:—
(a) it is expected to be realised in, or is intended for sale or consumption in, the company’s normal operating
cycle;
(b) it is held primarily for the purpose of being traded;
(c) it is expected to be realised within twelve months after the reporting date; or
(d) it is cash or cash equivalent unless it is restricted from being exchanged or used to settle a liability for at
least twelve months after the reporting date.
All other assets shall be classified as non-current.
2. An operating cycle is the time between the acquisition of assets for processing and their realisation in cash or
cash equivalents. Where the normal operating cycle cannot be identified, it is assumed to have a duration of twelve
months.
3. A liability shall be classified as current when it satisfies any of the following criteria:—
(a) it is expected to be settled in the company’s normal operating cycle;


1. Subs. by Notification No. G.S.R. 1022(E), dated 11th October, 2018, for “Fixed assets” (w.e.f. 11-10-2018).
2. Ins. by Notification No. G.S.R. 207(E), dated 24th March, 2021, (w.e.f. 1 -4-2021).
3. Subs. by Notification No. G.S.R. 207(E), dated 24th March, 2021, for “Tangible Assets” (w.e.f. 1-4-2021).

(b) it is held primarily for the purpose of being traded;
(c) it is due to be settled within twelve months after the reporting date; or
(d) the company does not have an unconditional right to defer settlement of the liability for at least twelve
months after the reporting date. Terms of a liability that could, at the option of the counterparty, re sult in its
settlement by the issue of equity instruments do not affect its classification.
All other liabilities shall be classified as non-current.
4. A receivable shall be classified as a “trade receivable” if it is in respect of the amount due on account of goods
sold or services rendered in the normal course of business.
5. A payable shall be classified as a “trade payable” if it is in respect of the amount due on account of goods
purchased or services received in the normal course of business.
6. A company shall disclose the following in the notes to accounts.
A. Share Capital
For each class of share capital (different classes of preference shares to be treated separately):
(a) the number and amount of shares authorised;
(b) the number of shares issued, subscribed and fully paid, and subscribed but not fully paid;
(c) par value per share;
(d) a reconciliation of the number of shares outstanding at the beginning and at the end of the reporting
period;
(e) the rights, preferences and restrictions attachin g to each class of shares including restrictions on the
distribution of dividends and the repayment of capital;
(f) shares in respect of each class in the company held by its holding company or its ultimate holding
company including shares held by or by su bsidiaries or associates of the holding company or the ultimate
holding company in aggregate;
(g) shares in the company held by each shareholder holding more than 5 per cent. shares specifying the
number of shares held;
(h) shares reserved for issue under options and contracts/commitments for the sale of
shares/disinvestment, including the terms and amounts;
(i) for the period of five years immediately preceding the date as at which the Balance Sheet is prepared:
(A) Aggregate number and class of shares all otted as fully paid-up pursuant to contract (s) without
payment being received in cash.
(B) Aggregate number and class of shares allotted as fully paid-up by way of bonus shares.
(C) Aggregate number and class of shares bought back.
(j) terms of any securities convertible into equity/preference shares issued along with the earliest date of
conversion in descending order starting from the farthest such date;
(k) calls unpaid (showing aggregate value of calls unpaid by directors and officers);
(l) forfeited shares (amount originally paid-up).
1[(m) A company shall disclose Shareholding of Promoters* as below:
Shares held by promoters at the end of the year % Change during the year***
S.No Promoter
name
No. of
Shares**
% of total
shares **

Total
*Promoter here means promoter as defined in the Companies Act, 2013.
** Details shall be given separately for each class of shares

1. Ins. by Notification No. G.S.R. 207(E), dated 24th March, 2021, (w.e.f. 1 -4-2021).

*** percentage change shall be computed with respect to the number at the beginning of the year or if
issued during the year for the first time then with respect to the date of issue.]
B. Reserves and Surplus
(i) Reserves and Surplus shall be classified as:
(a) Capital Reserves;
(b) Capital Redemption Reserve;
(c) Securities Premium 1***;
(d) Debenture Redemption Reserve;
(e) Revaluation Reserve;
(f) Share Options Outstanding Account;
(g) Other Reserves–(specify the nature and purpose of each reserve and the amount in respect thereof);
(h) Surplus i.e., balance in Statement of Profit and Loss disclosing allocations and appropriations su ch
as dividend, bonus shares and transfer to/ from reserves, etc.;
(Additions and deductions since last balance sheet to be shown under each of the specified heads);
(ii) A reserve specifically represented by earmarked investments shall be termed as a “fund”.
(iii) Debit balance of statement of profit and loss shall be shown as a negative figure under the head “Surplus”.
Similarly, the balance of “Reserves and Surplus ”, after adjusting negative balance of surplus, if any, shall be
shown under the head “Reserves and Surplus” even if the resulting figure is in the negative.
C. Long-Term Borrowings
(i) Long-term borrowings shall be classified as:
(a) Bonds/debentures;
(b) Term loans:
(A) from banks.
(B) from other parties.
(c) Deferred payment liabilities;
(d) Deposits;
(e) Loans and advances from related parties;
(f) Long term maturities of finance lease obligations;
(g) Other loans and advances (specify nature).
(ii) Borrowings shall further be sub-classified as secured and unsecured. Nature of security shall be specified
separately in each case.
(iii) Where loans have been guaranteed by directors or others, the aggregate amount of such loans under each
head shall be disclosed.
(iv) Bonds/debentures (along with the rate of interest and particulars of redemption or conversion, as the case
may be) shall be stated in descending order of maturity or conversion, starting from farthest redemption or
conversion date, as the case may be. Where bonds/debentures are redeemable by instalments, the date of maturity
for this purpose must be reckoned as the date on which the first instalment becomes due.

1. The word “Reserve” omitted by Notification No. G.S.R.1022(E), dated 11th October, 2018 (w.e.f. 11-10-2018).

(v) Particulars of any redeemed bonds/debentures which the company has power to reissue shall be disclosed.
(vi) Terms of repayment of term loans and other loans shall be stated.
(vii) Period and amount of continuing default as on the balance sheet date in repayment of loans and interest,
shall be specified separately in each case.
D. Other Long-term Liabilities
Other Long-term Liabilities shall be classified as:
(a) Trade payables;
(b) Others.
E. Long-term provisions
The amounts shall be classified as:
(a) Provision for employee benefits;
(b) Others (specify nature).
F. Short-term borrowings
(i) Short-term borrowings shall be classified as:
(a) Loans repayable on demand;
(A) from banks.
(B) from other parties.
(b) Loans and advances from related parties;
(c) Deposits;
(d) Other loans and advances (specify nature).
(ii) Borrowings shall further be sub-classified as secured and unsecured. Nature of security shall be specified
separately in each case.
(iii) Where loans have been guaranteed by directors or others, the aggregate amount of such loans under each
head shall be disclosed.
(iv) Period and amount of default as on the balance sheet date in repayment of loans and interest, sh all be
specified separately in each case.
1[(v) current maturities of Long term borrowings shall be disclosed separately.]
2[FA. Trade Payable:—
The following details relating to Micro, Small and Medium Enterprises shall be disclosed in the notes:
(a) the principal amount and the interest due thereon (to be shown separately) remaining unpaid to any
supplier at the end of each accounting year;
(b) the amount of interest paid by the buyer in terms of section 16 of the Micro, Small and Medium
Enterprises Development Act, 2006 (7 of 2006), along with the amount of the payment made to the supplier
beyond the appointed day during each accounting year;
(c) the amount of interest due and payable for the period of delay in making payment (which have been
paid but beyond the appointed day during the year) but without adding the interest specified under the Micro,
Small and Medium Enterprises Development Act, 2006;
(d) the amount of interest accrued and remaining unpaid at the end of each accounting year; and
(e) the amount of further interest remaining due and payable even in the succeeding years, until such date
when the interest dues above are actually paid to the small enterprise, for the purpose of disallowance of a
deductible expenditure under section 23 of the M icro, Small and Medium Enterprises Development Act,
2006;

1. Ins. by Notification No. G.S.R. 207(E), dated 24th March, 2021, (w.e.f. 1-4-2021).
2. Ins. by Notification No. G.S.R. 679(E), dated 4th September, 2015 (w.e.f. 4-9-2015).

Explanation.-The terms 'appointed day’, ‘buyer’, ‘enterprise’, ‘micro enterprise’, ‘small enterprise’ and
‘supplier’, shall have the same meaning assigned to those under clauses (b), (d), (e), (h), (m) and (n)
respectively of section 2 of the Micro, Small and Medium Enterprises Development Act, 2006.]
1[FB. Trade payables due for payment
The following ageing schedule shall be given for Trade payable due for payment:-
Trade Payables ageing schedule
Particulars Outstanding for following periods from due date of
payment#

Less than
1 year
1-2
years
2-3 years More than 3
years
Total
(i) MSME
(ii) Others
(iii) Disputed dues
MSME
(iv) Disputed dues-
others

#similar information shall be given where no due date of payment is specified in that case disclosure shall be
from the date of the transaction.
Unbilled dues shall be disclosed separately;]
G. Other current liabilities
The amounts shall be classified as:
2***
(b) Current maturities of finance lease obligations;
(c) Interest accrued but not due on borrowings;
(d) Interest accrued and due on borrowings;
(e) Income received in advance;
(f) Unpaid dividends;
(g) Application money received for allotment of securities and due for refund and interest accr ued
thereon. Share application money includes advances towards allotment of share capital. The terms and
conditions including the number of shares proposed to be issued, the amount of premium, if any, and the
period before which shares shall be allotted shall be disclosed. It shall also be disclosed whether the company
has sufficient authorised capital to cover the share capital amount resulting from allotment of shares out of
such share application money. Further, the period for which the share application money has been pending
beyond the period for allotment as mentioned in the document inviting application for shares along with the
reason for such share application money being pending shall be disclosed. Share application money not
exceeding the issued capital and to the extent not refundable shall be shown under the head Equity and share
application money to the extent refundable, i.e., the amount in excess of subscription or in case the
requirements of minimum subscription are not met, shall be separate ly shown under “Óther current
liabilities”;
(h) Unpaid matured deposits and interest accrued thereon;
(i) Unpaid matured debentures and interest accrued thereon;
(j) Other payables (specify nature).
H. Short-term provisions

1. Ins. by Notification No. G.S.R. 207(E), dated 24th March, 2021, (w.e.f. 1 -4-2021).
2. Item (a) omitted by Notification No. G.S.R. 207(E), dated 24th March, 2021 (w.e.f. 1 -4-2021).

The amounts shall be classified as:
(a) Provision for employee benefits.
(b) Others (specify nature).
I. 1[Property, Plant and Equipment]
(i) Classification shall be given as:
(a) Land;
(b) Buildings;
(c) Plant and Equipment;
(d) Furniture and Fixtures;
(e) Vehicles;
(f) Office equipment;
(g) Others (specify nature).
(ii) Assets under lease shall be separately specified under each class of asset.
2[(iii) A reconciliation of the gross and net carrying amounts of each class of assets at the beginning and end
of the reporting period showing additions, disposals, acquisitions through business combinations , amount of
change due to revaluation (if change is 10% or more in the aggregate of the net carrying value of each class of
Property, Plant and Equipment) and other adjustments and the relate d depreciation and impairment
losses/reversals shall be disclosed separately.]
(iv) Where sums have been written-off on a reduction of capital or revaluation of assets or where sums have
been added on revaluation of assets, every balance sheet subsequent to date of such write -off, or addition shall
show the reduced or increased figures as applicable and shall by way of a note also show the amount of the
reduction or increase as applicable together with the date thereof for the first five years subsequent to the date of
such reduction or increase.

J. Intangible assets
(i) Classification shall be given as:
(a) Goodwill;
(b) Brands /trademarks;
(c) Computer software;
(d) Mastheads and publishing titles;
(e) Mining rights;
(f) Copyrights, and patents and other intellectual property rights, services and operating rights;
(g) Recipes, formulae, models, designs and prototypes;
(h) Licences and franchise;
(i) Others (specify nature).
3[(ii) A reconciliation of the gross and net carrying amounts of each class of ass ets at the beginning and end
of the reporting period showing additions, disposals, acquisitions through business combinations , amount of
change due to revaluation (if change is 10% or more in the aggregate of the net carrying value of each class of

1. Subs. by Notification No. G.S.R. 207(E), dated 24th March, 2021, for “Tangible Assets” (w.e.f. 1 -4-2021)
2. Subs. by Notification No. G.S.R. 207(E), dated 24th March, 2021, for item (iii) (w.e.f. 1-4-2021).
3. Subs. by Notification No. G.S.R. 207(E), dated 24th March, 2021, for item (ii) (w.e.f. 1 -4-2021).

intangible assets) and other adjustments and the related depreciation and impairment losses or reversals shall be
disclosed separately.]
(iii) Where sums have been written-off on a reduction of capital or revaluation of assets or where sums have
been added on revaluation of assets, every balance sheet subsequent to date of such write -off, or addition shall
show the reduced or increased figures as applicable and shall by way of a note also show the amount of the
reduction or increase as applicable together with the date thereof for the first five years subsequent to the date of
such reduction or increase.
K. Non-current investments
(i) Non -current investments shall be classified as trade investments and other investments and further
classified as:
(a) Investment property;
(b) Investments in Equity Instruments;
(c) Investments in preference shares;
(d) Investments in Government or trust securities;
(e) Investments in debentures or bonds;
(f) Investments in Mutual Funds;
(g) Investments in partnership firms;
(h) Other non-current investments (specify nature).
Under each classification, details shall be given of names of the bodies corporate indicating separately
whether such bodies are ( i) subsidiaries, ( ii) associates,(iii) joint ventures, or ( iv) controlled special pu rpose
entities in whom investments have been made and the nature and extent of the investment so made in each such
body corporate (showing separately investments which are partly-paid). In regard to investments in the capital of
partnership firms, the names of the firms (with the names of all their partners, total capital and the shares of each
partner) shall be given.
(ii) Investments carried at other than at cost should be separately stated specifying the basis for valuation
thereof;
(iii) The following shall also be disclosed:
(a) Aggregate amount of quoted investments and market value thereof;
(b) Aggregate amount of unquoted investments;
(c) Aggregate provision for diminution in value of investments.
L. Long-term loans and advances
(i) Long-term loans and advances shall be classified as:
(a) Capital Advances;
1***
(c) Loans and advances to related parties (giving details thereof);
(d) Other loans and advances (specify nature).
(ii) The above shall also be separately sub-classified as:
(a) Secured, considered good;
(b) Unsecured, considered good;
(c) Doubtful.
(iii) Allowance for bad and doubtful loans and advances shall be disclosed under the relevant heads
separately.

1. Sub-item (b) omitted by Notification No. G.S.R. 207(E), dated 24th March, 2021 (w.e.f. 1 -4-2021).

(iv) Loans and advances due by directors or other officers of the company or any of them either severally or
jointly with any other persons or amounts due by firms or private companies respectively in which any director
is a partner or a director or a member should be separately stated.
M. Other non-current assets
Other non-current assets shall be classified as:
(i) Long-term Trade Receivables (including trade receivables on deferred credit terms);
1[(ia) Security Deposits;]
(ii) Others (specify nature);
(iii) Long term Trade Receivables, shall be sub-classified as:
(A) (a) Secured, considered good;
(B) Unsecured, considered good;
(C) Doubtful.
(b) Allowance for bad and doubtful debts shall be disclosed under the relevant heads separately.
(c) Debts due by directors or other officers of the company or any of them either severally or jointly
with any other person or debts due by firms or private companies respectively in which any director is a
partner or a director or a member should be separately stated.
1[(iv) For trade receivables outstanding, following ageing schedule shall be given:
Trade Receivables ageing schedule
(Amount in Rs.)
Particulars Outstanding for following periods from due date of payment#
Less than 6
months
6 months -
1 year
1-2 years 2-3
years
More than 3
years
Total
(i) Undisput ed Trade
receivables-considered
good
(ii) Undisputed Trade
Receivables-
considered doubtful
(iii) Disputed Trade
Receivables
considered good
(iv) Disputed Trade
Receivables
considered doubtful

#similar information shall be given where no due date of payment is specified, in that case disclosure
shall be from the date of the transaction.
Unbilled dues shall be disclosed separately.]
N. Current Investments
(i) Current investments shall be classified as:
(a) Investments in Equity Instruments;
(b) Investments in Preference Shares;
(c) Investments in Government or trust securities;
(d) Investments in debentures or bonds;
(e) Investments in Mutual Funds;

1. Ins. by Notification No. G.S.R. 207(E), dated 24th March, 2021, (w.e.f. 1-4-2021).

(f) Investments in partnership firms;
(g) Other investments (specify nature).
Under each classification, details shall be given of names of the bodies corporate [indicating separately
whether such bodies are: ( i) subsidiaries, ( ii) associates, ( iii) joint ventures, or ( iv) controlled special purpose
entities] in whom investments have been made and the nature and extent of the investment so made in each such
body corporate (showing separately investments which are partly paid). In regard to investments in the capital of
partnership firms, the names of the firms (with the names of all their partners, total capital and the shares of each
partner) shall be given.
(ii) The following shall also be disclosed:
(a) The basis of valuation of individual investments;
(b) Aggregate amount of quoted investments and market value thereof;
(c) Aggregate amount of unquoted investments;
(d) Aggregate provision made for diminution in value of investments.
O. Inventories
(i) Inventories shall be classified as:
(a) Raw materials;
(b) Work-in-progress;
(c) Finished goods;
(d) Stock-in-trade (in respect of goods acquired for trading);
(e) Stores and spares;
(f) Loose tools;
(g) Others (specify nature).
(ii) Goods-in-transit shall be disclosed under the relevant sub-head of inventories.
(iii) Mode of valuation shall be stated.
P. Trade Receivables
1[(i) For trade receivables outstanding, the following ageing schedules shall be given:
Trade Receivables ageing schedule
(Amount in Rs.)
Particulars Outstanding for following periods from due date of payment#
Less than 6
months
6 months -
1 year
1-2
years
2-3
years
More than 3
years
Total
(i) Undisputed Trade
receivables-considered
good
(ii) Undisputed Trade
Receivables-considered
doubtful
(iii) Disputed Trade
Receivables considered
good
(iv) Disputed Trade
Receivables considered
doubtful


1. Subs. by Notification No. G.S.R. 207(E), dated 24th March, 2021, for item (i) (w.e.f. 1 -4-2021).

#similar information shall be given where no due date of payment is specified in that case disclosure shall be
from the date of the transaction.
Unbilled dues shall be disclosed separately.]
(ii) Trade receivables shall be sub-classified as:
(a) Secured, considered good;
(b) Unsecured, considered good;
(c) Doubtful.
(iii) Allowance for bad and doubtful debts shall be disclosed under the relevant heads separately.
(iv) Debts due by directors or other officers of the company or any of them either severally or jointl y with
any other person or debts due by firms or private companies respectively in which any director is a partner or a
director or a member should be separately stated.
Q. Cash and cash equivalents
(i) Cash and cash equivalents shall be classified as:
(a) Balances with banks;
(b) Cheques, drafts on hand;
(c) Cash on hand;
(d) Others (specify nature).
(ii) Earmarked balances with banks (for example, for unpaid dividend) shall be separately stated.
(iii) Balances with banks to the extent held as margin money or security against the borrowings, guarantees,
other commitments shall be disclosed separately.
(iv) Repatriation restrictions, if any, in respect of cash and bank balances shall be separately stated.
(v) Bank deposits with more than twelve months maturity shall be disclosed separately.
R. Short-term loans and advances
(i) Short-term loans and advances shall be classified as:
(a) Loans and advances to related parties (giving details thereof);
(b) Others (specify nature).
(ii) The above shall also be sub-classified as:
(a) Secured, considered good;
(b) Unsecured, considered good;
(c) Doubtful.
(iii) Allowance for bad and doubtful loans and advances shall be disclosed under the relevant heads
separately.
(iv) Loans and advances due by directors or other officers of the company or any of them either severally or
jointly with any other person or amounts due by firms or private companies respectively in which any director is
a partner or a director or a member shall be separately stated.
S. Other current assets (specify nature)
This is an all -inclusive heading, which incorporates current assets that do not fit into any other asset
categories.
T. Contingent liabilities and commitments (to the extent not provided for)
(i) Contingent liabilities shall be classified as:
(a) Claims against the company not acknowledged as debt;
(b) Guarantees;
(c) Other money for which the company is contingently liable.

(ii) Commitments shall be classified as:
(a) Estimated amount of contracts remaining to be executed on capital account and not provided for;
(b) Uncalled liability on shares and other investments partly paid;
(c) Other commitments (specify nature).
U. The amount of dividends proposed to be distributed to equity and preference shareholders for the period
and the related amount per share shall be disclosed separately. Arrears of fixed cumulative dividends on
preference shares shall also be disclosed separately.
V. Where in respect of an issue of securities made for a specific purpose, the whole or part of the amount has
not been used for the specific purpose at the balance sheet date, there shall be indicated by way of note how such
unutilised amounts have been used or invested.
1[VA. Where the company has not used the borrowings from banks and financial institutions for the specific
purpose for which it was taken at the balance sheet date, the company shall disclose the details of where they
have been used.]
W. If, in the opinion of the Board, any of the assets other than 2[Property, Plant and Equipment] 3[,Intangible
assets] and non-current investments do not have a value on realisation in the ordinary course of business at least
equal to the amount at which they are stated, the fact that the Board is of that opinion, shall be stated.

4* * * * *
5[Y. Additional Regulatory Information
(i) Title deeds of Immovable Property not held in name of the Company
The company shall provide the details of all the immovable property (other than properties where the Company is
the lessee and the lease agreements are duly executed in favour of the lessee) whose title deeds are not held in the
name of the company in format given below and where such immovable property is jointly held with others, details
are required to be given to the extent of the company’s share.
Relevant line item
in the Balance
sheet
Description
of item of
property
Gross
carrying
value
Title deeds
held in the
name of
Whether title deed
holder is a
promoter, director
or relative# of
promoter*/director
or employee of
promoter/director
Property
held since
which date
Reason for
not being
held in the
name of the
company**
PPE- Land
Building
- - - - ** also
indicate if in
dispute
Investment
property-
Land
Building

PPE retired from
active use and held
for disposal -
Land
Building

others
#Relative here means relative as defined in the Companies Act, 2013.
*Promoter here means promoter as defined in the Companies Act, 2013.

1. Ins. by Notification No. G.S.R. 207(E), dated 24th March, 2021, (w.e.f. 1 -4-2021).
2. Subs. by Notification No. G.S.R. (E), dated 11th October, 2018, for “fixed assets” (w.e.f. 11-10-2018).
3. Ins. by Notification No. G.S.R. 207(E), dated 24th March, 2021, (w.e.f. 1 -4-2021).
4. Heading “X” omitted by Notification No. G.S.R. 207(E), dated 2 4th March, 2021, (w.e.f. 1-4-2021).
5. Ins. by Notification No. G.S.R. 207(E), dated 24th March, 2021, (w.e.f. 1 -4-2021).

(ii)Where the Company has revalued its Property, Plant and Equipment, the company shall disclose as to whether
the revaluation is based on the valuation by a registered valuer as defined under rule 2 of the Companies (Registered
Valuers and Valuation) Rules, 2017.
(iii) Following disclosures shall be made where Loans or Advances in the nature of loans are granted to promoters,
directors, KMPs and the related parties (as defined under Companies Act, 2013,) either serverally or jointly with any
other person, that are:
(a) repayable on demand or
(b) without specifying any terms or period of repayment
Type of Borrower Amount of loan or advance in
the nature of loan outstanding
Percentage to the total Loans and Advances in
the nature of loans
Promoters
Directors
KMPs
Related Parties

(iv) Capital-Work-in Progress (CWIP)
(a) For Capital-work-in progress, following ageing schedule shall be given:
CWIP aging schedule
(Amount in Rs.)
CWIP Amount in CWIP for a period of Total*
Less than 1
year
1-2 years 2-3 years More than 3 years
Projects in
progress
Projects
temporarily
suspended

*Total shall tally with CWIP amount in the balance sheet.
(b) For capital-work-in progress, whose completion is overdue or has exceeded its cost compared to its original
plan, following CWIP completion schedule shall be given**:
(Amount in Rs.)
CWIP To be completed in
Less than 1 year 1-2 years 2-3 years More than 3 years
Project 1
Project 2”


** Details of projects where actively has been suspended shall be given separately.
(v) Intangible assets under development:
(a) For Intangible assets under development, following ageing schedule shall be given:
Intangible assets under development aging schedule
(Amount in Rs.)
Amount in CWIP for a period of Total*

Intangible assets under
development
Less than 1
year
1-2 years 2-3 years More than 3 years
Projects in progress

Projects temporarily
suspended


*Total shall tally with the amount of Intangible assets under development in the balance sheet.
(b) For Intangible assets under development, whose completion is overdue or has exceeded its cost compared to its
original plan, following Intangible assets under development completion schedule shall be given**:
(Amount in Rs.)
Intangible assets
under development
To be completed in
Less than 1 year 1-2 years 2-3 years More than 3 years
Project 1
Project 2


** Details of projects where activity has been suspended shall be given separately.
(vi) Details of Benami Property held
Where any proceedings have been initiated or pending against the company for holding any benami
property under the Benami Transactions (Prohibition) Act, 1988 (45 of 1988) and the rules made
thereunder, the company shall disclose the following:-
(a) Details of such property, including year of acquisition,
(b) Amount thereof,
(c) Details of Beneficiaries,
(d) If property is in the books, then reference to the item in the Balance Sheet,
(e) If property is not in the books, then the fact shall be stated with reasons,
(f) Where there are proceedings against the company under this law as an abetter of the transaction or as the
transferor then the details shall be provided,
(g) Nature of proceedings, status of same and company’s view on same.
(vii) Where the Company has borrowings from banks or financial institutions on the basis of security of current
assets, it shall disclose the following:-
(a) whether quarterly returns or statements of current assets filed by the Company with banks or financial
institutions are in agreement with the books of accounts.
(b) if not, summary of reconciliation and reasons of material discrepancies, if any to be adequately disclosed.
(viii) Wilful Defaulter*
Where a company is a declared willful defaulter by any bank or financial Institution or other lender, following
details shall be given:
(a) Date of declaration as willful defaulter,
(b) Details of defaults (amount and nature of defaults),
* “willful defaulter” here means a person or an issuer who or which is categorized as a willful defaulter by any
bank or financial institution (as defined under the Act) or consortium thereof, in accordance with the guidelines on
willful defaulters issued by the Reserve Bank of India.
(ix) Relationship with Struck off Companies

Where the company has any transactions with companies struck off under section 248 of the Companies Act,
2013 or section 560 of Companies Act, 1956, the Company shall disclose the following details:-
Name of struck off
Company
Nature of transactions
with struck off Company
Balance
outstanding
Relationship with the Struck off
company, if any, to be disclosed
Investments in securities
Receivables
Payables
Shares held by stuck off
company

Other outstanding
balances (to be specified)


(x) Registration of charges or satisfaction with Registrar of Companies
Where any charges or satisfaction yet to be registered with Registrar of Companies beyond the statutory period,
details and reasons thereof shall be disclosed.
(xi) Compliance with number of layers of companies
Where the company has not complied with the number of layers prescribed under clause (87) of section 2 of the
Act read with Companies (Restriction on number of Layers) Rules, 2017, the name and CIN of the companies
beyond the specified layers and the relationship/extent of holding of the company in such downstream companies
shall be disclosed.
(xii) Following Ratios to be disclosed:-
(a) Current Ratio,
(b) Debt-Equity Ratio,
(c) Debt Service Coverage Ratio,
(d) Return on Equity Ratio,
(e) Inventory turnover ratio,
(f) Trade Receivables turnover ratio,
(g) Trade payables turnover ratio,
(h) Net capital turnover ratio,
(i) Net profit ratio,
(j) Return on Capital employed,
(k) Return on investment.
The company shall explain the items included in numerator and denominator for computing the above ratios.
Further explanation shall be provided for any change in the ratio by more than 25% as compared to the preceding
year.
(xiii) Compliance with approved Scheme(s) of Arrangements
Where any Scheme of Arrangements has been approved by the Competent Authority in terms of sections 230
to 237 of the Companies Act, 2013, the Company shall disclose that the effect of such Scheme of Arrangements
have been accounted for in the books of a ccount of the Company ‘in accordance with the Scheme’ and ‘in
accordance with accounting standards’ and deviation in this regard shall be explained.
(xiv) Utilisation of Borrowed funds and share premium:
(A) Where company has advanced or loaned or invest ed funds (either borrowed funds or share premium or
any other sources or kind of funds) to any other person(s) or entity (ies), including foreign entities (Intermediaries)
with the understanding (whether recorded in writing or otherwise) that the Intermediary shall

(i) directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever by or
on behalf of the company (Ultimate Beneficiaries) or
(ii) provide any guarantee, security or the like to or on behalf of the Ultimate Beneficiaries;
the company shall disclose the following:-
(I) date and amount of fund advanced or loan ed or invested in Intermediaries with complete details of
each Intermediary.
(II) date and amount of fund further advanced or loaned or invested by such Intermediaries to other
intermediaries or Ultimate Beneficiaries alongwith complete details of the ultimate beneficiaries.
(III) date and amount of guarantee, security or the like provided to or on behalf of the Ultimate
Beneficiaries.
(IV) declaration that relevant provisions of the Foreign Exchange Management Act, 1999 (42 of 1999)
and Companies Act has been complied with for such transactions and the transactions are not violative of the
Prevention of Money-Laundering act, 2002 (15 of 2003);
(B) Where a company has received any fund from any persons (s) or entity(ies), including foreign entities
(Funding Party) with the understanding (whether recorded in writing or otherwise) that the company shall
(i) directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever by or
on behalf of the Funding Party (Ultimate Beneficiaries) or
(ii) provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries, the company shall
disclose the following:-
(I) date and amount of fund received from Funding parties with complete details of each Funding party.
(II) date and amount of fund further advanced or loaned or invested other intermediaries or Ultimate
Beneficiaries alongwith complete details of the other intermediaries’ or ultimate beneficiaries.
(III) date and amount of guarantee, security or the like provided to or on behalf of the Ultimate
Beneficiaries
(IV) declaration that relevant provisions of the Foreign Exchange Management Act, 1999 (42 of 1999)
and Companies Act has been complied with for such transactions and the transactions are not violative of the
Prevention of Money-Laundering act, 2002 (15 of 2003).]

PART II – STATEMENT OF PROFIT AND LOSS
Name of the Company…………………….
Profit and loss statement for the year ended ………………………
(Rupees in…………)

Particulars Note
No.
Figures as at the end
of current reporting
period
Figures as at the end
of the previous
reporting period
1 2 3 4
I. Revenue from operations xxx xxx
II. Other income xxx xxx
III. Total 1[Income] (I + II) xxx xxx
IV. Expenses:
Cost of materials consumed
Purchases of Stock-in-Trade

1. Subs. by Notification No. G.S.R. 207(E), dated 24th March, 2021, for “Revrnue” (w.e.f. 1 -4-2021).


Changes in inventories of
finished goods
xxx xxx
work-in-progress and xxx xxx
Stock-in-Trade xxx xxx
Employee benefits expense xxx xxx
Finance costs
Depreciation and amortisation
expense

Other expenses



1 2 3 4
Total expenses xxx xxx
V. Profit before exceptional and
extraordinary items and tax (III -
IV)
xxx xxx
VI. Exceptional items xxx xxx
VII. Profit before extraordinary items
and tax (V - VI)
xxx xxx
VIII. Extraordinary items xxx xxx
IX. Profit before tax (VII- VIII) xxx xxx
X. Tax expense:
(1) Current tax xxx xxx
(2) Deferred tax xxx xxx
XI. Profit (Loss) for the period from
continuing operations (VII-VIII)
xxx xxx
XII. Profit/(loss) from discontinuing
operations
xxx xxx
XIII. Tax expense of discontinuing
operations
xxx xxx
XIV. Profit/(loss) from Discontinuing
operations (after tax) (XII-XIII)
xxx xxx
XV. Profit (Loss) for the period (XI +
XIV)
xxx xxx
XVI. Earnings per equity share:
(1) Basic xxx xxx
(2) Diluted xxx xxx




See accompanying notes to the financial statements.
GENERAL INSTRUCTIONS FOR PREPARATION OF STATEMENT OF
PROFIT AND LOSS
1. The provisions of this Part shall apply to the income and expenditure account referred to in sub -clause
(ii) of clause (40) of section 2 in like manner as they apply to a statement of profit and loss.
2. (A) In respect of a company other than a finance company revenue from operations shall disclose separately in
the notes revenue from—
(a) Sale of products;
(b) Sale of services;
1[(ba) Grants or donations received (relevant in case of section 8 companies only)]
(c) Other operating revenues;
Less:
(d) Excise duty.
(B) In respect of a finance company, revenue from operations shall include revenue from—
(a) Interest; and
(b) Other financial services.
Revenue under each of the above heads shall be disclosed separately by way of notes to accounts to the extent
applicable.
3. Finance Costs
Finance costs shall be classified as:
(a) Interest expense;
(b) Other borrowing costs;
(c) Applicable net gain/loss on foreign currency transactions and translation.
4. Other income
Other income shall be classified as:
(a) Interest Income (in case of a company other than a finance company);
(b) Dividend Income;
(c) Net gain/loss on sale of investments;
(d) Other non-operating income (net of expenses directly attributable to such income).
5. Additional Information
A Company shall disclose by way of notes additional information regarding aggregate expenditure and income
on the following items:—
(i) (a) Employee Benefits Expense [showing separately (i) salaries and wages,
(ii) contribution to provident and other funds, (iii) expense on Employee Stock Option Scheme (ESOP) and
Employee Stock Purchase Plan (ESPP), (iv) staff welfare expenses].
(b) Depreciation and amortisation expense;
(c) Any item of income or expenditure which exceeds one per cent. of the revenue from operations or
Rs.1,00,000, whichever is higher;

1. Ins. by Notification No. G.S.R. 207(E), dated 24th March, 2021, (w.e.f. 1-4-2021).

(d) Interest Income;
(e) Interest expense;
(f) Dividend income;
(g) Net gain/loss on sale of investments;
(h) Adjustments to the carrying amount of investments;
(i) Net gain or loss on foreign currency transaction and translation (other than considered as finance cost);
(j) Payments to the auditor as ( a) auditor; ( b) for taxation matters; ( c) for company law matters; ( d) for
management services; (e) for other services; and (f) for reimbursement of expenses;
(k) In case of Companies covered under section 135, amount of expenditure incurred on corporate social
responsibility activities;
(l) Details of items of exceptional and extraordinary nature;
(m) Prior period items;
(ii) (a) In the case of manufacturing companies,—
(1) Raw materials under broad heads.
(2) goods purchased under broad heads.
(b) In the case of trading companies, purchases in r espect of goods traded in by the company under broad
heads.
(c) In the case of companies rendering or supplying services, gross income derived from services rendered or
supplied under broad heads.
(d) In the case of a company, which falls under more than one of the categories mentioned in (a), (b) and (c)
above, it shall be sufficient compliance with the requirements herein if purchases, sales and consumption of raw
material and the gross income from services rendered is shown under broad heads.
(e) In the case of other companies, gross income derived under broad heads.
(iii) In the case of all concerns having works in progress, works-in-progress under broad heads.
(iv) (a) The aggregate, if material, of any amounts set aside or proposed to be set aside, to reserve, but not
including provisions made to meet any specific liability, contingency or commitment known to exist at the date
as to which the balance sheet is made up.
(b) The aggregate, if material, of any amounts withdrawn from such reserves.
(v) (a) The aggregate, if material, of the amounts set aside to provisions made for meeting specific liabilities,
contingencies or commitments.
(b) The aggregate, if material, of the amounts withdrawn from such provisions, as no longer required.
(vi) Expenditure incurred on each of the following items, separately for each item:—
(a) Consumption of stores and spare parts;
(b) Power and fuel;
(c) Rent;
(d) Repairs to buildings;
(e) Repairs to machinery;
(f) Insurance;
(g) Rates and taxes, excluding, taxes on income;

(h) Miscellaneous expenses,
(vii) (a) Dividends from subsidiary companies.
(b) Provisions for losses of subsidiary companies.
(viii) The profit and loss account shall also contain by way of a note the following information, namely:—
(a) Value of imports calculated on C.I.F basis by the company during the financial year in respect of—
I. Raw materials;
II. Components and spare parts;
III. Capital goods;
(b) Expenditure in foreign currency during the financial year on account of royalty, know -how,
professional and consultation fees, interest, and other matters;
(c) Total value if all imported raw materials, spare parts and components consumed during the financial
year and the total value of all indigenous raw materials, spare parts and components similarly consumed and
the percentage of each to the total consumption;
(d) The amount remitted during the year in foreign currencies on account of dividends with a specific
mention of the total number of non-resident shareholders, the total number of shares held by them on which
the dividends were due and the year to which the dividends related;
(e) Earnings in foreign exchange classified under the following heads, namely:—
I. Export of goods calculated on F.O.B. basis;
II. Royalty, know-how, professional and consultation fees;
III. Interest and dividend;
IV. Other income, indicating the nature thereof.
Note:— Broad heads shall be decided taking into account the concept of materiality and presentation of true and
fair view of financial statements.
1[(ix) Undisclosed income:-
The Company shall give details of any transaction not recorded in the books of accounts that has been surrendered
or disclosed as income during the year in the tax assessments under the Income Tax Act, 1961 (such as, search or
survey or any other relevant provisions of the Income Tax Act, 1961), unless there is immunity for disclosure under
any scheme and also shall state whether the previously unrecorded income and related assets have been properly
recorded in the books of account during the year.;
(x) Corporate Social Responsibility (CSR)
Where the company covered under section 135 of the companies act, the following shall be disclosed with regard
to CSR activities:-
(a) amount required to be spent by the company during the year,
(b) amount of expenditure incurred,
(c) shortfall at the end of the year,
(d) total of previous years shortfall,
(e) reason for shortfall,
(f) nature of CSR activities
(g) details of related party transactions, e.g., contribution to a trust controlled by the company in relation to CSR
expenditure as per relevant Accounting Standard,
(h) where a provision is made with respect to a liability incurred by entering into a contractual obligation, the
movements in the provision during the year should be shown separately.

1. Ins. by Notification No. G.S.R. 207(E), dated 24th March, 2021, (w.e.f. 1-4-2021).

(xi) Details of Crypto Currency of Virtual Currency
Where the Company has traded or invested in Crypto currency or Virtual Currency during the financial year, the
following shall be disclosed:-
(a) profit or loss on transactions involving Crypto currency or Virtual Currency
(b) amount or currency held as at the reporting date,
(c) deposits or advances from any person for the purpose of trading or investing in Crypto Currency/virtual
currency.]

GENERAL INSTRUCTIONS FOR THE PREPARATION OF CONSOLIDATED
FINANCIAL STATEMENTS
1. Where a company is required to prepare Consolidated Financial Statements, i.e., consolidated balance sheet
and consolidated statement of profit and loss, the company shall mutatis mutandis follow the requirements of this
Schedule as applicable to a company in the preparation of balance sheet and statement of profit and loss. In addition,
the consolidated financial statements shall disclose the information as per the requirements specified in the applicable
Accounting Standards including the following:
(i) Profit or loss attributable to “minority interest” and to owners of the parent in the statement of profit and
loss shall be presented as allocation for the period.
(ii) “Minority interests” in the balance sheet within equity shall be presented separat ely from the equity of
the owners of the parent.
2. In Consolidated Financial Statements, the following shall be disclosed by way of additional information:

Name of the entity in
the
Net Assets, i.e., total assets minus total
liabilities
Share in profit or loss

As % of
consolidated net
assets
Amount As % of
consolidated profit
or loss
Amount
1 2 3 4 5
Parent
Subsidiaries
Indian
1.
2.
3.
.
.
Foreign
1.
2.


1 2 3 4 5
3.
.
.
Minority
Interest in
all subsidiaries
Associates
(Investment
as per the equity
method)
Indian
1.
2.
3.
.
.
Foreign
1.
2.
3.
.
.
Joint Ventures
(as per proportionate
consolidation/
investment
as per the
equity method)
Indian ________________________________ _______________________________
1.
2.
3.
.
.
Foreign
1.
2.
3.
.
.
Total

3. All subsidiaries, associates and joint ventures (whether Indian or foreign) will be covered under consolidated
financial statements.
4. An entity shall disclose the list of subsidiaries or associates or joint ventures which have not been consolidated
in the consolidated financial statements along with the reasons of not consolidating.
1[Division II
Financial Statements for a company whose financial statements are drawn up in compliance of the Companies
(Indian Accounting Standards) Rules, 2015.
GENERAL INSTURCTIONS FOR PREPARATION OF FINANCIAL STATEMENTS OF A COMPANY
REQUIRED TO COMPLY WITH Ind AS
1. Every company to which Indian Accounting Standards apply, shall prepare its financial statements in accordance
with this Schedule or with such modification as may be required under certain circumstances.

2. Where compliance with the requirements of the Act including Indian Accounting Standards (except the option
of presenting assets and liabilities in the order of liquidity as provided by the relevant Ind AS) as applicable to the
companies require any change in treatment or disclosure includ ing addition, amendment, substitution or deletion in
the head or sub -head or any changes inter se, in the financial or statements forming part thereof, the same shall be
made and the requirements under this Schedule shall stand modified accordingly.
3. The disclosure requirements specified in the Schedule are in addition to and not in substitution of the disclosure
requirements specified in the Indian Accounting Standards. Additional disclosures specified in the Indian Accounting
Standards shall be made in the Notes or by way of additional statement or statements unless required to be disclosed
on the face of the Financial Statements. Similarly, all other disclosures as required by the Companies Act, 2013 shall
be made in the Notes in addition to the requirements set out in this Schedule.
4. (i) Notes shall contain information in addition to that presented in the Financial Statements and shall provide
where required-
(a) narrative descriptions or disaggregations of items recognised in those statements; and
(b) information about items that do not qualify for recognition in those statements.
(ii) Each item on the face of the Balance Sheet, Statement of Changes in Equity and Statement of Profit and Loss
shall be cross-referenced to any related information in the Notes. In preparing the Financial Statements including the
Notes, a balance shall be maintained between providing excessive detail that may not assist users of Financial
Statements and not providing important information as a result of too much aggregation.
5. Depending upon the 2[Total Income] of the company, the figures appearing in the Financial Statements shall
be rounded off as below:

2[Total Income] Rounding off
(i) less than one hundred crore rupees To the nearest hundreds, thousands, lakhs or
millions, or decimals thereof.
(ii) one hundred crore rupees or more To the nearest, lakhs, millions or crores, or
decimals thereof.
Once a unit of measurement is used, it should be used uniformly in the Financial Statements.
6. Financial Statements shall contain t he corresponding amounts (comparatives) for the immediately preceding
reporting period for all items shown in the Financial Statements including Notes except in the case of first Financial
Statements laid before the company after incorporation.


1. Ins. by Notification No. G.S.R. 404(E), dated 6th April, 2016 (w.e.f. 6-4-2016).
2. Subs. by Notification No. G.S.R. 207(E), dated 24th March, 2021, for “Turnover” (w.e.f. 1-4-2021).

7. Financial Statements shall disclose all ‘material’ items, i.e., the items if they could, individually or collectively,
influence the economic decisions that users make on the basis of the financial statements. Materiality depends on the
size or nature of the item or a combination of both, to be judged in the particular circumstances.
8. For the purpose of this Schedule, the terms used herein shall have the same meanings assigned to them in Indian
Accounting Standards.
9. Where any Act or Regulation requires specific disclosures to be made in the standalone financial statements of
a company, the said disclosures shall be made in addition to those required under this Schedule.
Note: This Schedule sets out the minimum requirements for disclosure on the face of the Fi nancial Statements,
i.e., Balance Sheet, Statement of Changes in Equity for the period, the Statement of Profit and Loss for the period
(The term ‘Statement of Profit and Loss’ has the same meaning as ‘Profit and Loss Account’) and Notes. Cash flow
statement shall be prepared, where applicable, in accordance with the requirements of the relevant Indian Accounting
Standard.
Line items, sub-line items and sub-totals shall be presented as an addition or substitution on the face of the Financial
Statements when such presentation is relevant to an understanding of the company’s financial position or
performance or to cater to industry or sector-specific disclosure requirements or when required for compliance with
the amendments to the Companies Act, 2013 or under the Indian Accounting Standards.
PART I –BALANCE SHEET
Name of the Company ......................
Balance Sheet as at ............................
(Rupees in ............... )
Particulars Note No. Figures as at the end of
current reporting
period
Figures as at the end of
the previous reporting
period
1 2 3 4
(1) ASSETS
Non-current assets

























(2)
(a) Property, Plant and
Equipment
(b) Capital work-in-progress
(c) Investment Property
(d) Goodwill
(e) Other Intangible assets
(f) Intangible assets under
development
(g) Biological Assets other
than bearer plants
(h) Financial Assets
(i) Investments
(ii) Trade receivables
(iii) Loans
(iv) Others (to be
specified)
(i) Deferred tax assets (net)
(j) Other non-current assets
Current assets
(a) Inventories
(b) Financial Assets
(i) Investments
(ii) Trade receivables
(iii) Cash and cash
equivalents
(iv) Bank balances
other than (iii) above
(v) Loans
(vi) Others (to be
specified)
(c) Current Tax Assets (Net)
(d) Other current assets



Total Assets








(1)















(2)
1[Trade Payables
(A) total outstanding dues of micro
enterprises and small enterprises;
and
(B) total outstanding dues of creditors
other than micro enterprises and
small enterprises.]
(a) EQUITY and
LIABILITIES
Non-current liabilities
(a) Financial Liabilities
(i) Borrowings
2[(ia) Lease liabilities]
1[Trade Payables
(A) total outstanding dues of
micro enterprises and small
enterprises; and
(B) total outstanding dues of
creditors other than micro
enterprises and small
enterprises.]
(iii) Other financial
liabilities (other than
those specified in item
(b), to be specified)
(b) Provisions
(c) Deferred tax liabilities
(Net)
(d) Other non-current
liabilities
Current liabilities
(a) Financial Liabilities
(i) Borrowings
2[(ia) Lease liabilities]
(ii) Trade payables
(iii) Other financial
liabilities (other than those
specified in item (c)
(b) Other current liabilities
(c) Provisions
(d) Current Tax Liabilities
(Net)


Total Equity and Liabilities
See accompanying notes to the financial statements
3[STATEMENT OF CHANGES IN EQUITY
Name of the Company ...............................
A. Equity Share Capital
(1) Current reporting period
Balance at the
beginning of the
current reporting
period
Changes in Equity
Share Capital due to
prior period errors
Restated balance at
the beginning of the
current reporting
period
Changes in equity
share capital
during the current
year
Balance at the end
of the current
reporting period


1. Subs. by Notification No. G.S.R. 1022(E), dated 11-10-2018, for "(b) Trade payables" (w.e.f. 11-10-2018).
2. Ins. by Notification No. G.S.R. 207(E), dated 24th March, 2021, (w.e.f. 1-4-2021).
3. Subs. by Notification No. G.S.R. 207(E), dated 24th March, 2021, for “Statement of Changes in Equity” (w.e.f. 1-4-2021).

(2) Previous reporting period
Balance at the
beginning of the
previous reporting
period
Changes in Equity
Share Capital due to
prior period errors
Restated balance at the
beginning of the
previous reporting
period
Changes in equity share
capital during the
previous year
Balance at the end of
the previous reporting
period

B. Other Equity
(1) Current reporting period
Share
applica-
tion
money
pending
allotment
Equity
component
of compound
financial
instruments
Reserves and Surplus
Debt instru-
ments through
Other
Comprehensive
Income
Equity Instru-
ments
through
Other
Comprehensive
Income
Effective
portion of
Cash Flow
Hedges
Revaluat
ion
Surplus
Ex ch an ge
differen ces
on tran s-
latin g th e
finan cial
sta te-
men ts of a
f orei gn
opera ti on
Other items
of Other
Compre-
hensive
Income
(specify
nature)
Money
received
against
share
warrants
Total Capital
Reserve
1[Securities
Premium
Reserve]
Other
Reserv
es
(specif
y
nature)
Retained
Earnings
Balance at the
beginning of the
current reporting
period

Changes in
accounting
policy or prior
period errors

Restated
balance at
the
beginning
of the current
reporting
period

Total
Comprehensive
Income for the
Current year

Dividends

Transfer to
retained
earnings

Any other
change (to be
specified)

Balance at the
end of the
current reporting
period

(2) Previous reporting period

Share
application
money
pending
allotment
Equity
componen
t of
compound
financial
instrument
s
Reserves and Surplus
Capital
Reserve
Securities
Premium
Other
Reserves
(specify
nature)
Retained
Earnings
Debt
instruments
through
Other
Comprehen
sive Income
Equity
Instruments
through
Other
Comprehen
sive Income
Effective
portion of
Cash Flow
Hedges
Revaluation
Surplus
Exchange
difference
s on
translating
the
financial
statements
of a
foreign
operation
Other
items of
Other
Compre
hensive
Income
(specify
nature)
Money
received
against share
warrants
Total
Balance at the

Beginning of
the previous
reporting
period


1. Subs. by Notification No. G.S.R. 1022(E), dated 11th October, 2018, for “Securities Premium Reserve” (w.e.f. 11-10-2018).

Changes in
accounting
policy/prior
period errors

Restated
balance at the
beginning of
the previous
reporting
period

Total
Comprehensiv
e Income for
the previous
year

Dividends

Transfer to
retained
earnings

Any other
change (to be
specified)

Balance at the
end of the
previous
reporting
period

Note: Remeasurement of defined benefit plans and fair value changes relating to own credit risk of financial liabilities
designated at fair value through profit or loss shall be recognized as a part of retain ed earnings with separate disclosure of
such items alongwith the relevant amounts in the Notes or shall be shown as a separate column under Reserves and Surplus.]

Notes:
GENERAL INSTRUCTIONS FOR PREPARATION OF BALANCE SHEET
1. An entity shall classify an asset as current when-
(a) it expects to realise the asset, or intends to sell or consume it, in its normal operating cycle;
(b) it holds the asset primarily for the purpose of trading;
(c) it expects to realise the asset within twelve months after the reporting period; or
(d) the asset is cash or a cash equivalent unless the asset is restricted from being exchanged or used to settle a liability for at least
twelve months after the reporting period.
An entity shall classify all other assets as non-current.
2. The operating cycle of an entity is the time between the acquisition of assets for processing and their realisation in cash or cash
equivalents. When the entity’s normal operating cycle is not clearly identifiable, it is assumed to be twelve months.
3. An entity shall classify a liability as current when-
(a) it expects to settle the liability in its normal operating cycle;
(b) it holds the liability primarily for the purpose of trading;
(c) the liability is due to be settled within twelve months after the reporting period; or
(d) it does not have an unconditional right to defer settlement of the liability for at least twelve months after the reporting period.
Terms of a liability that could, at the option of the counterparty, result in its settlement by the issue of equity instrumen ts do
not affect its classification.
An entity shall classify all other liabilities as non-current.
4. A receivable shall be classified as a ‘trade receivable’ if it is in respect of the amount due on account of goods sold or services
rendered in the normal course of business.
5. A payable shall be classified as a ‘trade payable’ if it is in respect of the amount due on account of goods purchased or services
received in the normal course of business.
6. A company shall disclose the following in the Notes:

A. Non-Current Assets
I. Property, Plant and Equipment :
(i) Classification shall be given as:
(a) Land
(b) Buildings
(c) Plant and Equipment
(d) Furniture and Fixtures
(e) Vehicles
(f) Office equipment
(g) Bearer Plants
(h) Others (specify nature)
(ii) Assets under lease shall be separately specified under each class of assets.
1[(iii) A reconciliation of the gross and net carrying amounts of each class of assets at the beginning and end of the reportin g
period showing additions, disposals, acquisitions through business combinations , amount of change due to revaluation (if
change is 10% or more in the aggregate of the net carrying value of each class of Property, Plant and Equipment) and other
adjustments and the related depreciation and impairment losses or reversals shall be disclosed separately.]
II. Investment Property:
A reconciliation of the gross and net carrying amounts of each class of property at the beginning and end of the reporting period
showing additions, disposals, acquisitions through business combinations and other adjustments and the related depreciation and
impairment losses or reversals shall be disclosed separately.
III Goodwill:
A reconciliation of the gross and net carrying amount of goodwill at the beginning and end of the reporting period showing
additions, impairments, disposals and other adjustments.
IV. Other Intangible assets:
(i) Classification shall be given as:
(a) Brands or trademarks
(b) Computer software
(c) Mastheads and publishing titles
(d) Mining rights
(e) Copyrights, patents, other intellectual property rights, services and operating rights
(f) Recipes, formulae, models, designs and prototypes
(g) Licenses and franchises
(h) Others (specify nature)
2[(ii) A reconciliation of the gross and net carrying amounts of each class of assets at the beginning and end of the reporting period
showing additions, disposals, acquisitions through business combinations , amount of change due to revaluation (if change is 10% or
more in the aggregate of the net carrying value of each cla ss of intangible assets) and other adjustments and the related amortization
and impairment losses or reversals shall be disclosed separately.]
V. Biological Assets other than bearer plants:
A reconciliation of the carrying amounts of each class of assets at the beginning and end of the reporting period showing additions,
disposals, acquisitions through business combinations and other adjustments shall be disclosed separately.

1. Subs. by Notification No. G.S.R. 207(E), dated 24th March, 2021, for item (iii) (w.e.f. 1-4-2021).
2. Subs. by Notification No. G.S.R. 207(E), dated 24th March, 2021, for item (ii) (w.e.f. 1-4-2021).

VI. Investments:
(i) Investments shall be classified as:
(a) Investments in Equity Instruments;
(b) Investments in Preference Shares;
(c) Investments in Government or trust securities;
(d) Investments in debentures or bonds;
(e) Investments in Mutual Funds;
(f) Investments in partnership firms; or
(g) Other investments (specify nature).
Under each classification, details shall be given of names of the bodies corporate that are-
(i) subsidiaries,
(ii) associates,
(iii) joint ventures, or
(iv) structured entities,
in whom investments have been made and the nature and extent of the investment so made in each such body corporate (showing
separately investments which are partly-paid). Investments in partnership firms along alongwith names of the firms, their partners,
total capital and the shares of each partner shall be disclosed separately.
The following shall also be disclosed:
(a) Aggregate amount of quoted investments and market value thereof;
(b) Aggregate amount of unquoted investments; and
(c) Aggregate amount of impairment in value of investments.
VII. Trade Receivables:
1[(i) Trade receivables shall be sub-classified as:
(a) Trade Receivables considered good – Secured;
(b) Trade Receivables considered good – Unsecured;
(c) Trade Receivables which have significant increase in Credit Risk; and
(d) Trade Receivables - credit impaired.]
(ii) Allowance for bad and doubtful debts shall be disclosed under the relevant heads separately.
(iii) Debts due by directors or other officers of the company or any of them either severally or jointly with any other person or debts
due by firms or private companies respectively in which any director is a partner or a director or a member should be separately
stated.
2[(iv) Trade Receivables ageing schedule
(Amount in Rs.)
Particulars Outstanding for following periods from due date of payment#
Less than 6
months
6 months -1
year
1-2 years 2-3 years More than 3
years
Total
(i) Undisputed Trade
Receivables -
considered good
(ii) Undisputed Trade
Receivables- which
have significant
increase in credit risk


1. Subs. by Notification No. G.S.R. 1022(E), dated 11th October, 2018, for “VII. Trade Receivable” (w.e.f. 11-10-2018).
2. Ins. by Notification No. G.S.R. 207(E), dated 24th March, 2021, (w.e.f. 1-4-2021).

(iii) Undisputed
Trade Receivables -
credit impaired
(iv) Disputed Trade
Receivables-
considered good
(v) Disputed Trade
Receivables – which
have significant
increase in credit risk
(vi) Disputed Trade
Receivables- credit
impaired
#similar information shall be given where no due date of payment is specified in that case disclosure shall be from the date of the
transaction.
Unbilled dues shall be disclosed separately;]
VIII. Loans:
(i) Loans shall be classified as-
1***
(b) Loans to related parties (giving details thereof); and
(c) Other loans (specify nature).
2[(ii) Loans Receivables shall be sub-classified as:
(a) Loans Receivables considered good – Secured;
(b) Loans Receivables considered good - Unsecured;
(c) Loans Receivables which have significant increase in Credit Risk; and
(d) Trade Receivables - credit impaired.]
(iii) Allowance for bad and doubtful loans shall be disclosed under the relevant heads separately.
(iv) Loans due by directors or other officers of the company or any of them either severally or jointly with any other persons or
amounts due by firms or private companies respectively in which any director is a partner or a director or a member should be
separately stated.
3[IX. Other financial assets
(i) Security Deposits
(ii) Bank deposits with more than 12 months maturity
(iii) others (to be specified)]
IX. Other non-current assets: Other non-current assets shall be classified as-
(i) Capital Advances; and
(ii) Advances other than capital advances;
(1) Advances other than capital advances shall be classified as:
(a) Security Deposits;
(b) Advances to related parties (giving details thereof); and
(c) Other advances (specify nature).
(2) Advances to directors or other officers of the company or any of them either severally or jointly with any other persons or
advances to firms or private companies respectively in which any director is a partner or a director or a member should be separately
stated. In case advances are of the nature of a financial asset as per relevant Ind AS, these are to be disclosed under ‘othe r financial
assets’ separately.

1. Sub-item (a) omitted by Notification No. G.S.R. 207(E), dated 24th March, 2021, (w.e.f. 1-4-2021).
2. Subs. by Notification No. G.S.R. 1022(E), dated 11th October, 2018, for “VIII. Trade Receivable” (w.e.f. 11-10-2018).
3. Subs. by Notification No. G.S.R. 207(E), dated 24th March, 2021, for sub-heading “IX” and the entries relating thereto (w.e.f. 1-4-2021).

(iii) Others (specify nature).
B. Current Assets
I. Inventories:
(i) Inventories shall be classified as-
(a) Raw materials;
(b) Work-in-progress;
(c) Finished goods;
(d) Stock-in-trade (in respect of goods acquired for trading);
(e) Stores and spares;
(f) Loose tools; and
(g) Others (specify nature).
(ii) Goods-in-transit shall be disclosed under the relevant sub-head of inventories.
(iii) Mode of valuation shall be stated.
II. Investments:
(i) Investments shall be classified as-
(a) Investments in Equity Instruments;
(b) Investment in Preference Shares;
(c) Investments in government or trust securities;
(d) Investments in debentures or bonds;
(e) Investments in Mutual Funds;
(f) Investments in partnership firms; and
(g) Other investments (specify nature).
Under each classification, details shall be given of names of the bodies corporate that are-
(i) subsidiaries,
(ii) associates,
(iii) joint ventures, or
(iv) structured entities,
in whom investments have been made and the nature and extent of the investment so made in each such body corporate (showing
separately investments which are partly-paid).
(ii) The following shall also be disclosed-
(a) Aggregate amount of quoted investments and market value thereof;
(b) Aggregate amount of unquoted investments;
(c) Aggregate amount of impairment in value of investments.
III. Trade Receivables:
1[(i) Trade receivables shall be sub-classified as:
(a) Loans Receivables considered good – Secured;
(b) Loans Receivables considered good - Unsecured;
(c) Loans Receivables which have significant increase in Credit Risk; and
(d) Trade Receivables - credit impaired.]
(ii) Allowance for bad and doubtful debts shall be disclosed under the relevant heads separately.
(iii) Debts due by directors or other officers of the company or any of them either severally or jointly with any other person or
debts due by firms or private companies respectively in which any director is a partner or a director or a member should be separately
stated.

1. Subs. by Notification No. G.S.R. 1022(E), dated 11th October, 2018, for “III Trade Receivables” (w.e.f. 11-10-2018).

1[(iv) For trade receivable outstanding, following ageing schedule shall be given:
Trade Receivables ageing schedule
(Amount in Rs.)
Particulars Outstanding for following periods from due date of payment#
Less than 6 months 6 months -
1 year
1-2
years
2-3
years
More than
3 years
Total
(i) Undisputed Trade
receivables- considered good
(ii) Undisputed Trade Receivables
-which have significant increase
in credit risk
(iii) Undisputed Trade
Receivables-credit impaired
(iv) Disputed Trade Receivables -
considered good
(v) Disputed Trade Receivables -
which have significant increase in
credit risk
(iv) Disputed Trade Receivables -
credit impaired

# similar information shall be given where no due date of pa yment is specified in that case disclosure shall be from the date of
the transaction.
Unbilled dues shall be disclosed separately.]
IV. Cash and cash equivalents: Cash and cash equivalents shall be classified as-
a. Balances with Banks (of the nature of cash and cash equivalents);
b. Cheques, drafts on hand;
c. Cash on hand; and
d. Others (specify nature).
V. Loans:
(i) Loans shall be classified as:
(a) 2***
(b) Loans to related parties (giving details thereof); and
(c) Others (specify nature).
3[(ii) Trade receivables shall be sub-classified as:
(a) Loans Receivables considered good – Secured;
(b) Loans Receivables considered good - Unsecured;
(c) Loans Receivables which have significant increase in Credit Risk; and
(d) Trade Receivables - credit impaired.]
(iii) Allowance for bad and doubtful loans shall be disclosed under the relevant heads separately.
(iv) Loans due by directors or other officers of the company or any of them either severally or jointly with any other person or
amounts due by firms or private companies respectively in which any director is a partner or a director or a member shall be separately
stated.

1. Ins. by Notification No. G.S.R. 207(E), dated 24th March, 2021, (w.e.f. 1-4-2021).
2. Sub-item (a) omitted by Notification No. G.S.R. 207(E), dated 24th March, 2021, (w.e.f. 1-4-2021).
3. Subs. by ibid., for “V. Loans” (w.e.f. 11-10-2018).


1[VA. Other Financial Assets: This is an all -inclusive heading, which incorporates financial assets that do not fit into any other
financial asset categories, such as, Security Deposits.]
VI. Other current assets (specify nature): This is an all-inclusive heading, which incorporates current assets that do not fit into any
other asset categories. Other current assets shall be classified as-
(i) Advances other than capital advances
(1) Advances other than capital advances shall be classified as:
(a) Security Deposits;
(b) Advances to related parties (giving details thereof);
(c) Other advances (specify nature).
(2) Advances to directors or other officers of the company or any of them either severally or jointly with any other persons or
advances to firms or private companies respectively in which any director is a partner or a director or a member should be separately
stated.
(ii) Others (specify nature)
C. Cash and Bank balances: The following disclosures with regard to cash and bank balances shall be made:
(a) Earmarked balances with banks (for example, for unpaid dividend) shall be separately stated.
(b) Balances with banks to the extent held as margin money or security against the borrowings, guarantees, other commitments
shall be disclosed separately.
(c) Repatriation restrictions, if any, in respect of cash and bank balances shall be separately stated.
D. Equity
I. Equity Share Capital: For each class of equity share capital:
(a) the number and amount of shares authorised;
(b) the number of shares issued, subscribed and fully paid, and subscribed but not fully paid;
(c) par value per share;
(d) a reconciliation of the number of shares outstanding at the beginning and at the end of the period;
(e) the rights, preferences and restrictions attaching to each class of shares including restrictions on the distribution of dividends and
the repayment of capital;
(f) shares in respect of each class in the company held by its holding company or its ultimate holding company including shares held
by subsidiaries or associates of the holding company or the ultimate holding company in aggregate;
(g) shares in the company held by each shareholder holding more than five per cent. shares specifying the number of shares held;
(h) shares reserved for issue under options and contracts or commitments for the sale of shares or disinvestment, including the terms
and amounts;
(i) for the period of five years immediately preceding the date at which the Balance Sheet is prepared-
• aggregate number and class of shares allotted as fully paid up pursuant to contract without payment being received in cash;
• aggregate number and class of shares allotted as fully paid up by way of bonus shares; and
• aggregate number and class of shares bought back;
(j) terms of any securities convertible into equity shares issued along with the earliest date of conversion in descending order
starting from the farthest such date;
(k) calls unpaid (showing aggregate value of calls unpaid by directors and officers);
(l) forfeited shares (amount originally paid up).
2[(m) A company shall disclose Shareholding of Promoters* as under:
Shares held by promoters at the end of the year % Change during the year***
S.No Promoter name No. of Shares*** %of total shares
Total
*Promoter hare means promoter as defined in the Companies Act, 2013.

1. Ins. by Notification No. G.S.R. 207(E), dated 24th March, 2021, (w.e.f. 1-4-2021).
2. Ins. by Notification No. G.S.R. 207(E), dated 24th March, 2021, (w.e.f. 1-4-2021).

** Details shall be given separately for each class of shares
*** percentage change shall be computed with respect to the number at the beginning of the year or if issued during the year for the
first time then with respect to the date of issue.]
II. Other Equity:
(i) ‘Other Reserves’ shall be classified in the notes as-
(a) Capital Redemption Reserve;
(b) Debenture Redemption Reserve;
(c) Share Options Outstanding Account; and
(d) Others– (specify the nature and purpose of each reserve and the amount in respect thereof); (Additions and deductions
since last balance sheet to be shown under each of the specified heads)
(ii) Retained Earnings represents surplus i.e. balance of the relevant column in the Statement of Changes in Equity;
(iii) A reserve specifically represented by earmarked investments shall disclose the fact that it is so represented;
(iv) Debit balance of Statement of Profit and Loss shall be shown as a negative figure under the head ‘retained earnings’.
Similarly, the balance of ‘Other Equity ’, after adjusting negative balance of retained earnings, if any, shall be shown under the head
‘Other Equity’ even if the resulting figure is in the negative; and
(v) Under the sub-head ‘Other Equity’, disclosure shall be made for the nature and amount of each item.
E. Non-Current Liabilities
I. Borrowings:
(i) borrowings shall be classified as-
(a) Bonds or debentures
(b) Term loans
(I) from banks
(II) from other parties
(c) Deferred payment liabilities
(d) Deposits
(e) Loans from related parties
1***
(g) Liability component of compound financial instruments
(h) Other loans (specify nature);
(ii) borrowings shall further be sub-classified as secured and unsecured. Nature of security shall be specified separately in each
case.
(iii) where loans have been guaranteed by d irectors or others, the aggregate amount of such loans under each head shall be
disclosed;
(iv) bonds or debentures (along with the rate of interest, and particulars of redemption or conversion, as the case may be) shall
be stated in descending order of ma turity or conversion, starting from farthest redemption or conversion date, as the case may be.
Where bonds/debentures are redeemable by installments, the date of maturity for this purpose must be reckoned as the date on which
the first installment becomes due;
(v) particulars of any redeemed bonds or debentures which the company has power to reissue shall be disclosed;
(vi) terms of repayment of term loans and other loans shall be stated; and
(vii) period and amount of default as on the balance sheet date in repayment of borrowings and interest shall be specified
separately in each case.

1. Sub-item (f) omitted by Notification No. G.S.R. 207(E), dated 24th March, 2021, (w.e.f. 1-4-2021).

II. Provisions: The amounts shall be classified as-
(a) Provision for employee benefits; and
(b) Others (specify nature).
III. Other non-current liabilities;
(a) Advances; and
(b) Others (specified nature).
F. Current Liabilities
I. Borrowings:
(i) Borrowings shall be classified as-
(a) Loans repayable on demand
(I) from banks
(II) from other parties
(b) Loans from related parties
(c) Deposits
(d) Other loans (specify nature);
(ii) borrowings shall further be sub-classified as secured and unsecured. Nature of security shall be specified separately in each
case;
(iii) where loans have been guaranteed by directors or others, the aggregate amount of such loans under each head shall be
disclosed;
(iv) period and amount of default as on the balance sheet date in repayment of borrowings and interest, shall be specif ied
separately in each case.
1[(v) Current maturities of Long term borrowing shall be disclosed separately.]
II. Other Financial Liabilities: Other Financial liabilities shall be classified as-

2***
(c) Interest accrued;
(d) Unpaid dividends;
(e) Application money received for allotment of securities to the extent refundable and interest accrued thereon;
(f) Unpaid matured deposits and interest accrued thereon;
(g) Unpaid matured debentures and interest accrued thereon; and
(h) Others (specify nature).
‘Long term debt’ is a borrowing having a period of more than twelve months at the time of origination
III. Other current liabilities:
The amounts shall be classified as-
(a) revenue received in advance;
(b) other advances (specify nature); and
(c) others (specify nature);

1. Ins. by Notification No. G.S.R. 207(E), dated 24th March, 2021, (w.e.f. 1-4-2021).
2. Items (a) and (b) omitted by Notification No. G.S.R. 207(E), dated 24th March, 2021, (w.e.f. 1-4-2021).

IV. Provisions: The amounts shall be classified as-
(i) provision for employee benefits; and
(ii) others (specify nature).
1[FA. Trade Payables
The following details relating to Micro, Small and Medium Enterprises shall be disclosed in the notes:-
(a) the principal amount and the interest due thereon (to be shown separately) remaining unpaid to any supplier at the end of eac h
accounting year;
(b) the amount of interest paid by the buyer in terms of section 16 of the Micro, Small and Medium Enterprises Development Act,
2006 (27 of 2006), along with the amount of the payment made to the supplier beyond the appointed day during each accounting
year;
(c) the amount of interest due and payable for the period of delay in making payment (which have been paid but beyond the appointed
day during the year) but without adding the interest specified under the Micro, Small and Medium Enterprises Development Act,
2006;
(d) the amount of interest accrued and remaining unpaid at the end of each accounting year; and
(e) the amount of further interest remaining due and payable even in the succeeding years, until such date when the interest dues
above are actually paid to the small enterprise, for the purpose of disallowance of a deductible expenditure under section 23 of
the Micro, Small and Medium Enterprises Development Act, 2006.
Explanation.-The terms 'appointed day', 'buyer',' enterprise', 'micro enterprise', 'small enterprise' and 'supplier', shall have the same
meaning assigned to those under clauses (b), (d), (e), (h), (m) and (n) respectively of section 2 of the Micro, Small and Med ium Enterprises
Development Act, 2006.]
2[FB. For trade payables due for payment, following ageing schedule shall be given:
Trade payable aging schedule
(Amount in Rs.)
Particulars Outstanding for following periods from due date of payment#
Less than 1 year 1-2 years 2-3 years More than 3
years
Total
(i) MSME
(ii) Others
(iii) Disputed dues- MSME
(iv) Disputed dues- Others


#similar information shall be given where no due date of payment is specified in that case disclosure shall be from the date of the
transaction.
Unbilled dues shall be disclosed separately]
G. The presentation of liabilities associated with group of assets classified as held for sale and non-current assets classified as
held for sale shall be in accordance with the relevant Indian Accounting Standards (Ind ASs).
H. Contingent Liabilities and Commitments:
(to the extent not provided for)
(i) Contingent Liabilities shall be classified as-
(a) claims against the company not acknowledged as debt;
(b) guarantees excluding financial guarantees; and
(c) other money for which the company is contingently liable.

1. Ins. by Notification No. G.S.R. 1022(E), dated 11th October, 2018 (w.e.f. 11-10-2018).
2. Ins. by Notification No. G.S.R. 207(E), dated 24th March, 2021, (w.e.f. 1-4-2021).


(ii) Commitments shall be classified as-
(a) estimated amount of contracts remaining to be executed on capital account and not provided for;
(b) uncalled liability on shares and other investments partly paid; and
(c) other commitments (specify nature).
I. The amount of dividends proposed to be distributed to equity and preference shareholders for the period and the related
amount per share shall be disclosed separately. Arrears of fixed cumulative dividends on irredeemable preference shares shall
also be disclosed separately.
J. Where in respect of an issue of securities made for a specific purpose the whole or part of amount has not been used
for the specific purpose at the Balance Sheet date, there shall be indicated by way of note how such unutilised amounts have
been used or invested.
1[JA. Where the company has not used the borrowings from banks and financial institutions for the specific purpose for which
it was taken at the balance sheet date, the company shall disclose the details of where they have been used.]
2* * * * *
3[L. Additional Regulatory Information
(i) Title deeds of Immovable Properties not held in name of the Company
The company shall provide the details of all the immovable properties (other than properties where the Company is the lessee
and the lease agreements are duly executed in favour of the lessee) whose title deeds are not held in the name of the company in
following format and where such immovable property is jointly held with others, details are required to be given to the exten t
of the company’s share.
Relevant line item
in the Balance
sheet
Description
of item of
property
Gross
carrying
value
Title
deeds
held in
the name
of
Whether title deed
holder is a promoter,
director or relative#
of promoter*/director
or employee of
promoter/director
Property
held
since
which
date
Reason for not being
held in the name of
the company**
PPE
-
Investment
property
Land
Building
Land

- - - - **also indicate if in
dispute
-
Non-current asset
held for sale
-


others
Building
Land
Building

#Relative here means relative as defined in the Companies Act, 2013.

1. Ins. by Notification No. G.S.R. 207(E), dated 24th March, 2021, (w.e.f. 1-4-2021).
2. Heading K and the entries relating thereto omitted by Notification No. G.S.R. 207(E), dated 24th March, 2021, (w.e.f. 1-4-2021).
3. Ins. by Notification No. G.S.R. 207(E), dated 24th March, 2021, (w.e.f. 1-4-2021).

*Promoter here means promoter as defined in the Companies Act, 2013.
(ii) The Company shall disclose as to whether the fair value of investment property (as measured for disclo sure purposes in the
financial statements) is based on the valuation by a registered valuer as defined under rule 2 of Companies (Registered Value rs
and Valuation) Rules, 2017.
(iii) Where the Company has revalued its Property, Plant and Equipment (including Right -of-Use Assets), the company shall
disclose as to whether the revaluation is based on the valuation by a registered valuer as defined under rule 2 of Companies
(Registered Valuers and Valuation) Rules, 2017.
(iv)Where the company has revalued its intangible assets, th e company shall disclose as to whether the revaluation is based on
the valuation by a registered valuer as defined under rule 2 of Companies (Registered Valuers and Valuation) Rules, 2017.
(v) The following disclosures shall be made where Loans or Advances in the nature of loans are granted to promoters, director,
KMPs and the related parties (as defined under Companies Act, 2013), either severally or jointly with any other person, that are:
(a) repayable on demand; or
(b) without specifying any terms or period of repayment,
Type of Borrower Amount of loan or advance in the nature
of loan outstanding
Percentage to the total Loans and
Advances in the nature of loans
Promoter
Directors
KMPs
Related Parties

(vi) Capital-Work-in Progress (CWIP)

(a) For Capital-work-in progress, following ageing schedule shall be given:
CWIP aging schedule
(Amount in Rs.)
CWIP Amount in CWIP for a period of Total*
Less than 1 year 1-2 years 2-3 years More than 3 years
Projects in
progress
Projects
temporarily
suspended

*Total shall tally with CWIP amount in the balance sheet.
(b) For capital-work in progress, whose completion is overdue or has exceeded its cost compared to its original plan, following
CWIP completion schedule shall be given**:
(Amount in Rs.)
CWIP To be completed in
Less than 1 year 1-2 years 2-3 years More than 3 years
Project 1

Project 2”
** Details of projects where activity has been suspended shall be given separately.
(vii) Intangible assets under development:
(a) For Intangible assets under development, following ageing schedule shall be given:
Intangible assets under development aging schedule
(Amount in Rs.)
Intangible assets
under
development
Amount in CWIP for a period of Total*
Less than 1 year 1-2 year 2-3 years More than 3 years
Projects in
progress
Projects
temporarily
suspended

*Total shall tally with the amount of Intangible assets under development in the balance sheet.
(b) For Intangible assets under development, whose completion is overdue or has exceeded its cost compared to its original plan,
the following Intangible assets under development completion schedule shall be given**:
(Amount in Rs.)
Intangible
assets under
development
To be completed in
Less than 1 year 1-2 years 2-3 years More than 3 years
Project 1
Project 2”

** Details of projects where activity has been suspended shall be given separately.
(viii) Details of Benami Property held
Where any proceeding has been initiated or pending against the company for holding any benami property under the Benami
Transactions (Prohibition) Act, 1988 (45 of 1988) and rules made thereunder, the company shall disclose the following:-
(a) Details of such property,
(b) Amount thereof,
(c) Details of Beneficiaries,
(d) If property is in the books, then reference to the item in the Balance Sheet,
(e) If property is not in the books, then the fact shall be stated with reasons,
(f) Where there are proceedings against the company under this law as an abetter of the transaction or as the transferor then
the details shall be provided,
(g) Nature of proceedings, status of same and company‘s view on same.
(ix) where the Company has borrowings from banks or financial institutions on the basis of security of current assets, it shall
disclose the following:-

(a) whether quarterly returns or statements of current assets filed by the Company with banks or financial institutions are in
agreement with the books of accounts;
(b) if not, summary of reconciliation and reasons of material discrepancies, if any to be adequately disclosed.
(x) Wilful Defaulter*
Where a company is a declared wilful defaulter by any bank or financial Institution or other lender, following details shall
be given:
(a) Date of declaration as willful defaulter,
(b) Details of defaults (amount and nature of defaults)
* wilful defaulter‖ here means a person or an issuer who or which is cat egorized as a willful defaulter by any bank or
financial institution (as defined under the Companies Act, 2013) or consortium thereof, in accordance with the guidelines on
wilful defaulters issued by the Reserve Bank of India.
(xi) Relationship with Struck off Companies
Where the company has any transactions with companies struck off under section 248 of the Companies Act, 2013 or section
560 of Companies Act, 1956, the Company shall disclose the following details, namely: -
Name of struck off
Company
Nature of transactions with struck-
off Company
Balance outstanding Relationship with the Struck off
company, if any, to be disclosed
Investment in securities
Receivables
Payables
Shares held by stuck off company
Other outstanding balances (to be
specified)


(xii) Registration of charges or satisfaction with Registrar of Companies (ROC)
Where any charges or satisfaction yet to be registered with ROC beyond the statutory period, details and reasons thereof shall
be disclosed.
(xiii) Compliance with number of layers of companies
Where the company has not complied with the number of layers prescribed under clause (87) of section 2 of the Act read with
the Companies (Restriction on number of Layers) Rules, 2017, the name and CIN of the companies beyond the specified layers
and the relationship or extent of holding of the company in such downstream companies shall be disclosed.
(xiv) Following Ratios to be disclosed:-
(a) Current Ratio,
(b) Debt-Equity Ratio,
(c) Debt Service Coverage Ratio,
(d) Return on Equity Ratio,
(e) Inventory turnover ratio,
(f) Trade Receivables turnover ratio,
(g) Trade payables turnover ratio,
(h) Net capital turnover ratio,
(i) Net profit ratio,

(j) Return on Capital employed,
(k) Return on investment.
The company sha ll explain the items included in numerator and denominator for computing the above ratios. Further
explanation shall be provided for any change in the ratio by more than 25% as compared to the preceding year.
(xv) Compliance with approved Scheme(s) of Arrangements
Where the Scheme of Arrangements has been approved by the Competent Authority in terms of sections 230 to 237 of the
Companies Act, 2013, the company shall disclose that the effect of such Scheme of Arrangements have been accounted for in
the books of account of the Company ‘in accordance with the Scheme’ and ‘in accordance with accounting standards’ and any
deviation in this regard shall be explained.
(xvi) Utilisation of Borrowed funds and share premium:
(A) Where company has advanced or loaned or invested funds (either borrowed funds or share premium or any other sources
or kind of funds) to any other person(s) or entity(ies), including foreign entities (Intermediaries) with the understanding
(whether recorded in writing or otherwise) that the Intermediary shall
(i) directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever by or on behalf of the
company (Ultimate Beneficiaries) or
(ii) provide any guarantee, security or the like to or on behalf of the Ultimate Beneficiaries;
the company shall disclose the following:-
(I) date and amount of fund advanced or loaned or invested in Intermediaries with complete details of each Intermediary.
(II) date and amount of fund further advanced or loaned or invested by such Intermediaries to other intermediaries or Ultimate
Beneficiaries alongwith complete details of the ultimate beneficiaries.
(III) date and amount of guarantee, security or the like provided to or on behalf of the Ultimate Beneficiaries
(IV) declaration that relevant provisions of the Foreign Exchange Management Act, 1999 (42 of 1999) and Companies Act
has been complied with for such transactions and the transactions are not violative of the Prevention of Money -Laundering
act, 2002 (15 of 2003).;
(B) Where a company has received any fund from any person(s) or entity(ies), including foreign entities (Funding Party)
with the understanding (whether recorded in writing or otherwise) that the company shall
(i) directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever by or on behalf of the
Funding Party (Ultimate Beneficiaries) or
(ii) provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries, the company shall disclose the
following:-
(I) date and amount of fund received from Funding parties with complete details of each Funding party.
(II) date and amount of fund further advanced or loaned or invested other intermediaries or Ultimate Beneficiaries alongwith
complete details of the other intermediaries‘ or ultimate beneficiaries.
(III) date and amount of guarantee, security or the like provided to or on behalf of the Ultimate Beneficiaries
(IV) declaration that relevant provisions of the Foreign Exchange Management Act, 1999 (42 of 1999) and Companies Act
has been complied with for such transactions and the transactions are not violative of the Prevention of Money -Laundering
act, 2002 (15 of 2003).
7. When a company applies an accounting policy retrospectively or makes a restatement of items in the financial statements or
when it reclassifies items in its financial statements, the company shall attach to the Balance Sheet, a “Balance Sheet” as at the
beginning of the earliest comparative period presented.
8. Share application money pending allotment shall be classified into equity or liability in accordance with relevant Indian Accounting
Standards. Share application money to the extent not refundable shall be shown under the head Equity and share application money to
the extent refundable shall be separately shown under ‘Other financial liabilities’.
9. Preference shares including premium received on issue, shall be classified and presented as ‘Equity’ or ‘Liability’ in accordance
with the requirements of the relevant Indian Accounting Standards. Accordingly, the disclosure and presentation requirements in this
regard applicable to the relevant class of equity or liability shall be applicable mutatis mutandis to the preference shares. For instance,

1[plain vanilla], redeemable preference shares shall be classified and presented under ‘non-current liabilities’ as ‘borrowings’ and the
disclosure requirements in this regard applicable to such borrowings shall be applicable mutatis mutandis to redeemable preference
shares.
10. Compound financial instruments suc h as convertible debentures, where split into equity and liability components, as per the
requirements of the relevant Indian Accounting Standards, shall be classified and presented under the relevant heads in ‘Equity’ and
‘Liabilities’
11. Regulatory Deferral Account Balances shall be presented in the Balance Sheet in accordance with the relevant Indian
Accounting Standards.
PART II – STATEMENT OF PROFIT AND LOSS
Name of the Company ...........................
Statement of Profit and Loss for the period ended ...............................
(Rupees in ............... )
Particulars Note No. Figures for
the current
reporting
period
Figures for
the
previous
reporting
period
I Revenue From Operations
II Other Income
III Total Income (I+II)
IV EXPENSES
Cost of materials consumed

Purchases of Stock-in-Trade
Changes in inventories of finished goods,
Stock-in -Trade and work-in-progress

Employee benefits expense
Finance costs
Depreciation and amortization expense
Other expenses
Total expenses (IV)
V Profit/(loss) before exceptional items
and tax (I- IV)

VI Exceptional Items
VII Profit/(loss) before tax
(V-VI)

VIII Tax expense:
(1) Current tax
(2) Deferred tax

IX Profit (Loss) for the period from
continuing operations (VII-VIII)

X Profit/(loss) from discontinued operations
XI Tax expense of discontinued operations
XII Profit/(loss) from Discontinued operations
(after tax) (X-XI)

1. Ins. by Notification No. G.S.R. 1022(E), dated 11th October, 2018 (w.e.f. 11-10-2018).

XIII Profit/(loss) for the period (IX+XII)
XIV Other Comprehensive Income
A (i) Items that will not be reclassified to
profit or loss
(ii) Income tax relating to items that will
not be reclassified to profit or loss
B (i) Items that will be reclassified to profit
or loss
(ii) Income tax relating to items that will be
reclassified to profit or loss

XV Total Comprehensive Income for the period
(XIII+XIV)(Comprising Profit (Loss) and
Other Comprehensive Income for the
period)

XVI Earnings per equity share (for continuing
operation):
(1) Basic
(2) Diluted

XVII Earnings per equity share (for discontinued
operation):
(1) Basic
(2) Diluted

XVIII Earnings per equity share(for discontinued
& continuing operations)
(1) Basic
(2) Diluted

See accompanying notes to the financial statements
Notes:
GENERAL INSTRUCTIONS FOR PREPARATION OF STATEMENT OF PROFIT AN D LOSS
1. The provisions of this Part shall apply to the income and expenditure account, in like manner as they apply to a
Statement of Profit and Loss.
2. The Statement of Profit and Loss shall include:
(1) Profit or loss for the period;
(2) Other Comprehensive Income for the period.
The sum of (1) and (2) above is ‘Total Comprehensive Income’.
3. Revenue from operations shall disclose separately in the notes
(a) sale of products (including Excise Duty);
(b) sale of services; 1***
2[(ba) Grants or donations received (relevant in case of section 8 companies only); and]
(c) other operating revenues.
4. Finance Costs: Finance costs shall be classified as-
(a) interest;
(b) dividend on redeemable preference shares;
(c) exchange differences regarded as an adjustment to borrowing costs; and
(d) other borrowing costs (specify nature).
5 Other income: Other income shall be classified as-

1. The word “and” omitted by Notification No. G.S.R. 207(E), dated 24th March, 2021, (w.e.f. 1-4-2021).
2. Ins. by Notification No. G.S.R. 207(E), dated 24th March, 2021, (w.e.f. 1-4-2021).

(a) interest Income;
(b) dividend Income; and
(c) other non-operating income (net of expenses directly attributable to such income).
6. Other Comprehensive Income shall be classified into-
(A) Items that will not be reclassified to profit or loss
(i) Changes in revaluation surplus;
(ii) Remeasurements of the defined benefit plans;
(iii) Equity Instruments through Other Comprehensive Income;
(iv) Fair value changes relating to own credit risk of financial liabilities designated at fair value through profit or loss;
(v) Share of Other Comprehensive Income in Associates and Joint Ventures, to the extent not to be classified into profit or
loss; and
(vi) Others (specify nature).
(B) Items that will be reclassified to profit or loss;
(i) Exchange differences in translating the financial statements of a foreign operation;
(ii) Debt Instruments through Other Comprehensive Income;
(iii) The effective portion of gains and loss on hedging instruments in a cash flow hedge;
(iv) Share of Other Comprehensive Income in Associates and Joint Ventures, to the extent to be classified into
profit or loss; and
(v) Others (specify nature).
7. Additional Information: A Company shall disclose by way of notes, additional information regarding aggregate expenditure
and income on the following items:
(a) employee Benefits expense [showing separately (i) salaries and wages, (ii) contribution to provident and other funds,
(iii) share based payments to employees, (iv) staff welfare expenses].
(b) depreciation and amortisation expense;
(c) any item of income or expenditure which exceeds one per cent of the revenue from operations or Rs.10,00,000,
whichever is higher, in addition to the consideration of ‘materiality’ as specified in clause 7 of the Gener al Instructions for
Preparation of Financial Statements of a Company;
(d) interest Income;
(e) interest Expense;
(f) dividend income;
(g) net gain or loss on sale of investments;
(h) net gain or loss on foreign currency transaction and translation (other than considered as finance cost);
(i) payments to the auditor as (a) auditor, (b) for taxation matters, (c) for company law matters, (d) for other
services, (e) for reimbursement of expenses;
(j) in case of companies covered under section 135, amount of expenditure incurred on co rporate social
responsibility activities; and
(k) details of items of exceptional nature;

1[(l) Undisclosed income
The Company shall give details of any transaction not recorded in the books of accounts that has been surrendered or
disclosed as income during the year in the tax assessments under the Income Tax Act, 1961 (such as, search or survey or any
other relevant provisions of the Income Tax Act, 1961), unless there is immunity for disclosure under any scheme and shall
also state whether the previously unrecorded income and related assets have been properly recorded in the books of account
during the year.
(m) Corporate Social Responsibility (CSR)
Where the company covered under section 135 of the Companies Act, the following shall be disclosed with regard to CSR
activities:-
(i) amount required to be spent by the company during the year,
(ii) amount of expenditure incurred,
(iii) shortfall at the end of the year,
(iv) total of previous years shortfall,
(v) reason for shortfall,
(vi) nature of CSR activities,
(vii) details of related party transactions, e.g., contribution to a trust controlled by the company in relation to CSR expenditure
as per relevant Accounting Standard,
(viii) where a provision is made with respect to a liability incurred by entering into a contractual obligation, the movements
in the provision during the year shall be shown separately.
(n) details of Crypto Currency or Virtual Currency
Where the Company has traded or invested in Crypto currency or Virtual Currency during the financia l year, the following shall
be disclosed:-
(i) profit or loss on transactions involving Crypto currency or Virtual Currency,
(ii) amount of currency held as at the reporting date,
(iii) deposits or advances from any person for the purpose of trading or investing in Crypto Currency or virtual currency.]
8. Changes in Regulatory Deferral Account Balances shall be presented in the Statement of Profit and Loss in
accordance with the relevant Indian Accounting Standards.
PART III - GENERAL INSTRUCTIONS FOR THE P REPARATION OF CONSOLIDATED FINANCIAL
STATEMENTS
1. Where a company is required to prepare Consolidated Financial Statements, i.e., consolidated balance sheet,
consolidated statement of changes in equity and consolidated statement of profit and loss, the company shall mutatis
mutandis follow the requirements of this Schedule as applicable to a company in the preparation of balance sheet,
statement of changes in equity and statement of profit and loss. In addition, the consolidated financial statements shall
disclose the information as per the requirements specified in the applicable Indian Accounting Standards notified
under the Companies (Indian Accounting Standards) Rules 2015, including the following, namely:-
(i) Profit or loss attributable to ‘non-controlling interest’ and to ‘owners of the parent’ in the statement of profit
and loss shall be presented as allocation for the period. Further, ‘total comprehensive income’ for the period
attributable to ‘non-controlling interest’ and to ‘owners of the parent’ shall be presented in the statement of profit
and loss as allocation for the period. The aforesaid disclosures for ‘total comprehensive income’ shall also be made
in the statement of changes in equity. In addition to the disclosure requirements in the In dian Accounting
Standards, the aforesaid disclosures shall also be made in respect of ‘other comprehensive income’.
(ii) ‘Non-controlling interests’ in the Balance Sheet and in the Statement of Changes in Equity, within equity,
shall be presented separately from the equity of the ‘owners of the parent’.
(iii) Investments accounted for using the equity method.

1. Ins. by Notification No. G.S.R. 207(E), dated 24th March, 2021, (w.e.f. 1-4-2021).

2. In Consolidated Financial Statements, the following shall be disclosed by way of additional information:
Name of the entity in the
Group
Net Assets, i.e., total
assets minus total
liabilities
Share in profit or
loss
Share in other
comprehensive
income
Share in total
comprehensive
income
As % of
consolidate
d net assets
Amount As % of
consolidate
d profit or
loss
Amount As % of
consolidated
other
comprehensi
ve income
Amount As % of total
comprehensi
ve income
Amount
Parent
Subsidiaries
Indian
1.
2.
3.
.
.
Foreign
1.
2.
3.
.
.
Non-controlling
Interests in
all
subsidiaries
Associates (Investment as
per the equity method)
Indian
1.
2.














Foreign
1.
2.
3.
.
.
Joint Ventures (investment as per
the equity method)
Indian
1.
2.
3.

.
.
Foreign
1.
2.
3.
.
.

Total

3. All subsidiaries, associates and joint ventures (whether Indian or foreign) will be cover ed under consolidated
financial statements.
4. An entity shall disclose the list of subsidiaries or associates or joint ventures which have not been consolidated
in the consolidated financial statements along with the reasons of not consolidating.]
1[Division III

Financial Statements for a Non -Banking Financial Company (NBFC) whose financial statements are drawn up in
compliance of the Companies (Indian Accounting Standards) Rules, 2015.
GENERAL INSTURCTIONS FOR PREPARATION OF FINANCIAL STATEMENTS OF A NON -BANKING
FINANCIAL COMPANY (NBFC) THAT IS REQUIRED TO COMPLY WITH INDIAN ACCOUNTING STAND -
ARDS (Ind AS)
1. Every Non-Banking Financial company as defined in the Companies (Indian Accounting Standards) (Amend -
ment) Rules, 2016 to which Indian Accounting Stan dards apply, shall prepare its financial statements in
accordance with this Schedule or with such modification as may be required under certain circumstances.
2. Where compliance with the requirements of relevant Act, Regulations, Guidelines or Circulars issu ed by the
relevant regulator from time to time including Indian Accounting Standards (Ind AS) (except the option of pre -
senting assets and liabilities in accordance with current, non-current classification as provided by relevant Ind AS)
as applicable to the NBFCs require any change in treatment or disclosure including addition, amendment,
substitution or deletion in the head or sub -head or any changes inter se, in the financial statements or statements
forming part thereof, the same shall be made and the requirements under this Schedule shall stand modified
accordingly.
3. The disclosure requirements specified in this Schedule are in addition to and not in substitution of the disclosure
requirements specified in the Indian Accounting Standards. Additional dis closures specified in the Indian Ac -
counting Standards shall be made in the Notes or by way of additional statement or statements unless required to
be disclosed on the face of the Financial Statements. Similarly, all other disclosures as required by the Companies
Act, 2013 shall be made in the Notes in addition to the requirements set out in this Schedule.

1. Ins. by Notification No. G.S.R. 1022(E), dated 11th October, 2018 (w.e.f. 11 -10-2018).

4. (i) Notes shall contain information in addition to that presented in the Financial Statements and shall provide
where required-
(a) narrative descriptions or disaggregations of items recognised in those statements; and
(b) information about items that do not qualify for recognition in those statements.
(ii) Each item on the face of the Balance Sheet, Statement of Changes in Equity and Statement of Profit and Los s
shall be cross-referenced to any related information in the Notes. In preparing the Financial Statements including
the Notes, a balance shall be maintained between providing excessive details that may not assist users of Financial
Statements and not providing important information as a result of too much aggregation.
5. Depending upon the total income of the NBFC, the figures appearing in the Financial Statements shall be rounded
off as below:

Total Income Rounding off
(i) less than one hundred crore rupees To the nearest hundreds, thousands, lakhs or millions, or
decimals thereof.
(ii) one hundred crore rupees or more To the nearest, lakhs, millions or crores, or decimals
thereof.
Once a unit of measurement is used, it should be used uniformly in the Financial Statements.
6. Financial Statements shall contain the corresponding amounts (comparatives) for the immediately preceding
reporting period for all items shown in the Financial Statements including Notes except in the case of first
Financial Statements after incorporation.
7. Financial Statements shall disclose all ‘material’ items, i.e., the items if they could, individually or collectively,
influence the economic decisions that users make on the basis of the financial statements. Materiality depends on
the size or nature of the item or a combination of both, to be judged in the particular circumstances.
8. For the purpose of this Schedule, the terms used herein shall have the same meanings assigned to them in Indian
Accounting Standards.
9. Where any Act, Regu lation, Guidelines or Circulars issued by the relevant regulators from time to time requires
specific disclosures to be made in the standalone financial statements of an NBFC, the said disclosures shall be
made in addition to those required under this Schedule.
10. The NBFCs preparing financial statements as per this Schedule may change the order of presentation of line items
on the face of financial statements or order of line items within the schedules in order of liquidity, if appropriate,
considering the operations performed by the NBFC.
Note: This Schedule sets out the minimum requirements for disclosure on the face of the Financial Statements, i.e., Balance
Sheet, Statement of Changes in Equity for the period, the Statement of Profit and Loss for the perio d (The term ‘Statement of
Profit and Loss’ has the same meaning as ‘Profit and Loss Account’) and Notes. Cash flow statement shall be prepared, where
applicable, in accordance with the requirements of the relevant Indian Accounting Standard.
Line items, sub-line items and sub-totals shall be presented as an addition or substitution on the face of the Financial Statements
when such presentation is relevant to an understanding of the NBFC’s financial position or performance or to cater to
categories of NBFCs as prescribed by the relevant regulator or sector -specific disclosure requirements or when required for
compliance with the amendments to the relevant statutes or under the Indian Accounting Standards.


PART I –BALANCE SHEET
Name of the Non-Banking Financial Company…………………….
Balance Sheet as at ………………………

Particulars
Note
No.
Figures as at the end of
current reporting
period
Figures as at the end of the
previous reporting period
1 2 3
ASSETS
(1) Financial Assets
(a) Cash and cash equivalents
(b) Bank Balance other than (a) above
(c) Derivative financial instruments
(d) Receivables
(I) Trade Receivables
(II) Other Receivables
(e) Loans
(f) Investments
(g) Other Financial assets (to be specified)

(2) Non-financial Assets
(a) Inventories
(b) Current tax assets (Net)
(c) Deferred tax Assets (Net)
(d) Investment Property
(e) Biological assets other than bearer plants
(f) Property, Plant and Equipment
(g) Capital work-in-progress
(h) Intangible assets under development
(i) Goodwill
(j) Other Intangible assets
(k) Other non-financial assets (to be specified)
Total Assets



LIABILITIES AND EQUITY
LIABILITIES
(1) Financial Liabilities
(a) Derivative financial instruments
(b) Payables
(I)Trade Payables

(i) total outstanding dues of micro enterprises and
small enterprises

(ii) total outstanding dues of creditors other than
micro enterprises and small enterprises

(II) Other Payables
(i) total outstanding dues of micro enterprises and
small enterprises

(ii) total outstanding dues of creditors other than micro
enterprises and small enterprises

(c) Debt Securities
(d) Borrowings (Other than Debt Securities)
(e) Deposits
(f) Subordinated Liabilities
(g) Other financial liabilities(to be specified)
(2) Non-Financial Liabilities
(a) Current tax liabilities (Net)
(b) Provisions
(c) Deferred tax liabilities (Net)
(d) Other non-financial liabilities(to be specified)

(3) EQUITY
(a) Equity Share capital
(b) Other Equity
Total Liabilities and
Equity

See accompanying notes to the financial statements

1[STATEMENT OF CHANGES IN EQUITY

Name of the Company…………………….
A. Equity Share Capital
(1) Current reporting period
Balance at the beginning
of the current reporting
period
Changes in Equity Shares
Capital due to prior
period errors
Restated balance at the
beginning of the current
reporting period
Changes in equity share
capital during the current
year
Balance at the end of the
Current reporting period





1. Subs. by Notification No. G.S.R. 207(E), dated 24th March, 2021, for the Heading “Statement of Changes in Equity” (w.e.f. 1-4-2021).



(2) Previous reporting period

Balance at the beginning
of the previous reporting
period
Changes in Equity Shares
Capital due to prior
period errors
Restated balance at the
beginning of the previous
reporting period
Changes in equity share
capital during the previous
year
Balance at the end of the
previous reporting period


B. Other Equity
(1) Current reporting period

Share
application
Money
pending
allotment
Equity
Component
of
compound
financial
instruments
Reserves and Surplus Money
received
against
share
warrants
Total
Capital
Reserve
Securities
Premium
Other
Reserves
(specify
nature)
Retained
Earnings
Debt
instrument
through
Other
Comprehens
ive Income
Equity
Instruments
through
Other
Comprehens
ive Income
Effective
Portion of
Cash
Flow
Hedges
Revaluati
on
Surplus
Exchange
Differences
On
translating
the financial
statements
of a foreign
Other
items of
other
Compreh
ensive
Income
(specify
nature)
Balance at
the beginning of
the current
reporting period

Changes in
accounting
Policy/prior
Period errors

Restated
balance
at the beginning
of the current
reporting period

Total
Comprehensive
Income for the
current year

Dividends
Transfer to
retained
earnings

Any other
Change (to be
specified)

Balance at the
end of the
current
Reporting period


(2) Previous reporting period

Share
application
Money
pending
allotment
Equity
Component
of
compound
financial
instruments
Reserves and Surplus Money
received
against
share
warrants
Total
Capital
Reserve
Securities
Premium
Other
Reserves
(specify
nature)
Retained
Earnings
Debt
instrument
through
Other
Comprehens
ive Income
Equity
Instruments
through
Other
Comprehens
ive Income
Effective
Portion of
Cash
Flow
Hedges
Revaluati
on
Surplus
Exchange
Differences
On
translating
the financial
statements
of a foreign
Other
items of
other
Compreh
ensive
Income
(specify
nature)
Balance at
the beginning of
the previous
reporting period

Changes in
accounting
policy/prior
Period errors

Restated balance
at the beginning
of the previous
reporting
period

Total
Comprehensive


Income for the
previous year
Dividends
Transfer to
retained
earnings

Any other
change (to be
specified)

Balance at the
end of the
previous
reporting period


Note: Remeasurement of defined benefit plans and fair value changes relating to own credit risk of financial liabilities designated
at fair value through profit or loss shall be recognised as a part of retained earnings with separate disclosure of such items
alongwith the relevant amounts in the Notes or shall be shown as a separate column under Reserves and Surplus. ]
Notes
GENERAL INSTRUCTIONS FOR PREPARATION OF BALANCE SHEET
A Non-Banking Financial company shall disclose the following in the notes to accounts:
(A) Cash and cash equivalents: Cash and cash equivalents shall be classified as:
(i) Cash on hand
(ii) Balances with Banks (of the nature of cash and cash equivalents);
(iii) Cheques, drafts on hand; and
(iv) Others (specify nature).
Cash and Bank balances: The following disclosures with regard to cash and bank balances shall be made:
(i) Earmarked balances with banks (for example, for unpaid dividend) shall be separately stated.
(ii) Balances with banks to the extent held as margin money or security against the borrowings, guaran tees, other
commitments shall be disclosed separately.
(iii) Repatriation restrictions, if any, in respect of cash and bank balances shall be separately stated.
(B) Derivative financial Instruments
1 Explain use of derivatives
2 Cross-reference to Financial Risks section for management of risks arising from derivatives

Part I
(Current Year) (Previous Year)
Notional amounts Fair Value -
Assets
Fair Value -
Liabilities
Notional amounts Fair Value -
Assets
Fair Value -
Liabilities
(i)Currency
derivatives:

-Spot and forwards
-Currency Futures
-Currency swaps
-Options purchased
-Options sold (written)
-Others
Sub total (i)

(ii)Interest rate
derivatives

-Forward Rate
Agreements and
Interest Rate Swaps

-Options purchased

-Options sold (written)
-Futures
-Others
Subtotal(ii)
(iii)Credit derivatives
(iv) Equity linked
derivatives

(v) Other derivatives
(Please specify)


Total Derivative
Financial
Instruments
(i)+(ii)+(iii)+(iv)+(v)


Part II


Included in above
(Part
I) are derivatives
held for hedging
and risk
management
purposes as
follows:

(i)Fair value
hedging:

- Currency
derivatives

- Interest rate
derivatives

- Credit derivatives
- Equity linked
derivatives

- Others
Sub total (i)
(ii)Cash flow
hedging:

- Currency
derivatives

- Interest rate
derivatives

- Credit derivatives
- Equity linked
derivatives


- Others
Sub total (ii)
(iii)Net investment
hedging:

(iv) Undesignated
Derivatives

Total Derivative
Financial
Instruments (i)+
(ii)+(iii)+(iv)

With respect to hedges and hedge accounting, NBFCs may provide a description in accordance with the requirements of Indian
Accounting Standards, of how derivatives are used for hedging, explain types of hedges recognized for accounting purposes and
their usage/application by the entity.
(C) Receivables:
(i) Receivables shall be sub-classified as:
(a) Receivables considered good - Secured;
(b) Receivables considered good - Unsecured;
(c) Receivables which have significant increase in Credit Risk; and
(d) Receivables - credit impaired
(ii) Allowance for impairment loss allowance shall be disclosed under the relevant heads separately.
(iii) Debts due by directors or other officers of the NBFC or any of them either severally or jointly with any other person
or debts due by firms including limited liability partnerships (LLPs), private companies respectively in which any director
is a partner or a director or a member should be separately stated.
1[(iv) For trade receivable outstanding, following ageing schedule shall be given:
Trade Receivables aging schedule
(Amount in Rs.)
Particulars Outstanding for following periods from due date of payment#
Less
than 6
months
6 months -
1 year
1-2
years
2-3
years
More than 3
years
Total
(i) Undisputed Trade
receivables -
Considered good
(ii) Undisputed Trade
Receivable – which have
significant increase in
credit risk
(iii) Undisputed Trade
Receivables – credit
Impaired
(iv) Disputed Trade
Receivables-considered
good
(v)Disputed Trade
Receivables- which have
significant increase in
credit risk
(vi) Disputed Trade
Receivables – credit
impaired


1. Ins. by Notification No. G.S.R. 207(E), dated 24th March, 2021, (w.e.f. 1-4-2021).

#similar information shall be given where no due date of payment is specified in that case disclosure shall be from the date
of the transaction.
Unbilled dues shall be disclosed separately]
(D) Loans

(Current Year) (Previous Year)
Amor-
tised
cost
At Fair Value Sub
total
Total Amor-
tised cost
At Fair Value Sub
total
Total
Through
Other
Compre-
hensive
Income
Through
profit or
loss
Designat-
ed at fair
value
through
profit or
loss
Through
Other
Comprehen-
sive Income
Through
profit or
loss
Designat-
ed at fair
value
through
profit or
loss
(1) (2) (3) (4) (5=2+
3+4)
(6=1
+ 5)
(7) (8) (9) (10) (11=8+
9+10)
(12=(7)
+ (11)
Loans
(A)
(i) Bills Purchased and
Bills Discounted

(ii) Loans repayable on
Demand

(iii) Term Loans
(iv) Leasing
(v) Factoring
(vi) Others (to be
specified)

Total (A) -Gross
Less: Impairment loss
allowance

Total (A) - Net

(B)
(i) Secured by
tangible assets

(ii)Secured by
intangible assets

(iii) Covered by
Bank/Government
Guarantees

(iv) Unsecured
Total (B)-Gross
Less: Impairment loss
allowance

Total (B)-Net
(C) (I) Loans in India
(i) Public Sector
(ii) Others (to be specified)
Total (C)- Gross
Less: Impairment loss
allowance

Total(C) (I)-Net
(C) (II)Loans
outside India

Less: Impairment
loss allowance
Total (C) (II)- Net
Total C(I) and C(II)

(E) Investments

Investments



Invest-
vest- ments
(Current Year) (Previous Year)

Amor-
tised
cost
At Fair Value





Sub-
Total
Oth-
ers*
Total
Amor-
tised
cost
At Fair Value






Sub-Total
Oth-
ers*
Total
Through
Other
Compre-
hensive
Income
Thro
ugh
profit
or
loss
Desig-
nated at
fair
value
through
profit
or loss
Through
Other
Compre-
hensive
Income
Thro
ugh
profit
or
loss
Desig-
nated
at fair
value
throug
h
profit
or loss
(1) (2) (3) (4) (5)=(2)+
(3)+(4)

(6)
(7)=(1)
+
(5)+(6)

(8)
(9) (10) (11) (12)=(9)+
(10)+(11)

(13) (14)=(8)+
(12)+(13)
Mutual
funds

Gov-
ernment
securi- ties

Other ap-
proved
securi- ties

Debt
securi- ties

Equity
instru-
ments

Subsid-
iaries

Associates
Joint
Ven-
tures

Others
(specify)

Total –
Gross (A)

(i) Invest-
ments
outside
India

(ii) Invest-
ments in
India

Total (B)
Total
(A) to tally
with (B)

Less: Allow-
ance for
Impair- pair-
ment loss (C)

Total – Net
D= (A)-(C)


* Other basis of measurement such as cost may be explained as a footnote
(F) Investment Property
A reconciliation of the gross and net carrying amounts of each class of property at the beginning and end of the reporting
period showing additions, disp osals, acquisitions through business combinations and other adjustments and the related
depreciation and impairment losses or reversals shall be disclosed separately.
(G) Biological Assets other than bearer plants:
A reconciliation of the carrying amounts of each class of assets at the beginning and end of the reporting period showing
additions, disposals, acquisitions through business combinations and other adjustments shall be disclosed separately.
(H) Property, Plant and Equipment
(i) Classification shall be given as:
(a) Land
(b) Buildings
(c) Plant and Equipment
(d) Furniture and Fixtures
(e) Vehicles
(f) Office equipment
(g) Bearer Plants
(h) Others (specify nature)
(ii) Assets under lease shall be separately specified under each class of asset.

1[(iii) reconciliation of the gross and net carrying a mounts of each class of assets at the beginning and end of the reporting
period showing additions, disposals, acquisitions through business combinations, amount of change due to revaluation (if change
is 10% or more in the aggregate of the net carrying value of each class of Property, Plant and Equipment) and other adjustments
and the related depreciation and impairment losses or reversals shall be disclosed separately.]
(I) Goodwill
A reconciliation of the gross and net carrying amount of goodwill at the beginning and end of the reporting period showing
additions, impairments, disposals and other adjustments.
(J) Other Intangible assets
(iii) Classification shall be given as:
(a) Brands or trademarks
(b) Computer software
(c) Mastheads and publishing titles
(d) Mining rights
(e) Copyrights, patents, other intellectual property rights, services and operating rights
(f) Recipes, formulae, models, designs and prototypes
(g) Licenses and franchises
(h) Others (specify nature

2[(ii) A reconciliation of the gross and net carrying amounts of each class of as sets at the beginning and end of the
reporting period showing additions, disposals, acquisitions through business combinations , amount of change due to
revaluation (if change is 10% or more in the aggregate of the net carrying value of each class of intangible assets) and
other adjustments and the related amortization and impairment losses or reversals shall be disclosed separately .]
(K) Payables
The following details relating to Micro, Small and Medium Enterprises shall be disclosed:

(a) the principal amount and the interest due thereon (to be shown separately) remaining unpaid to any supplier at the

1. Subs. by Notification No. G.S.R. 207(E), dated 24th March, 2021, for item (iii) (w.e.f. 1-4-2021).
2. Subs. by Notification No. G.S.R. 207(E), dated 24th March, 2021, for item (ii) (w.e.f. 1-4-2021).

end of each accounting year;
(b) the amount of interest paid by the buyer in terms of section 16 of the Micro, Small and Medium Enterprises
Development Act, 2006, along w ith the amount of the payment made to the supplier beyond the appointed day
during each accounting year;
(c) the amount of interest due and payable for the period of delay in making payment (which have been paid but
beyond the appointed day during the year) bu t without adding the interest specified under the Micro, Small and
Medium Enterprises Development Act, 2006;
(d) the amount of interest accrued and remaining unpaid at the end of each accounting year; and
(e) the amount of further interest remaining due and payabl e even in the succeeding years, until such date when the
interest dues above are actually paid to the small enterprise, for the purpose of disallowance of a deductible
expenditure under section 23 of the Micro, Small and Medium Enterprises Development Act, 2006.
Explanation.— The terms ‘appointed day’, ‘buyer’, ‘enterprise’, ‘micro enterprise’, ‘small enterprise’ and ‘supplier’,
shall have the same meaning assigned to those under clauses (b), (d), (e), (h), (m) and (n) respectively of section 2 of
the Micro, Small and Medium Enterprises Development Act, 2006.”
1[(KA) For trade payables due for payment, following ageing schedule shall be given:
Trade Payables aging schedule
(Amount in Rs.)
Particulars Outstanding for following periods from due date of payment#
Less
than 1
year
1-2 years 2-3 years More than 3
years
Total
(i) MSME
(ii) Others
(iii) Disputed dues-
MSME
(iv) Disputed dues-
Others

#similar information shall be given where no due date of payment is specified in that case disclosure shall
be from the date of the transaction.
Unbilled dues shall be disclosed separately]
(L) Debt Securities

(Current Year) (Previous Year)
At Amortised
Cost
At Fair
Value
Through
profit or
loss
Designated at
fair value
through profit
or loss
Total At Amortised
Cost
At Fair
Value
Through
profit or
loss
Designated at
fair value
through profit
or loss
Total
(1) (2) (3) (4)=(1)+(2)+(3) (5) (6) (7) (8)=(5)+(6)+(7)
Liability
component of
compound
financial
instruments

Others (Bonds/
Debenture etc.)

Total (A)
Debt securities
in India

Debt securities
outside India


1. Ins. by Notification No. G.S.R. 207(E), dated 24th March, 2021, (w.e.f. 1-4-2021).


Total (B) to
tally with (A)


(i) bonds or debentures (along with the rate of interest, and particulars of redemption or conversion, as the case may be)
shall be stated in descending order of maturity or conversion, starting from earliest redemp - tion or conversion date,
as the case may be. Where bonds/debentures are redeemable by installments, the date of maturity for this purpose
must be reckoned as the date on which the first installment becomes due;
(ii) particulars of any redeemed bonds or debentures which the NBFC has power to reissue shall be disclosed.
(M) Borrowings (Other than Debt Securities)

(Current Year) (Previous Year)
At
Amortised
Cost
At fair value
Through
profit or loss
Designated at
fair value
through profit
or loss
Total At
Amortised
Cost
At fair value
Through
profit or loss
Designated at
fair value
through profit
or loss
Total
(1) (2) (3) (4)=(1)+(2)+(3) (1) (2) (3) (4)=(1)+(2)+(3)
(a)Term loans
(i)from banks
(ii)from other parties
(b)Deferred payment
liabilities

(c)Loans from related
parties

(d) Finance lease
obligations

(e)Liability
component of
compound financial
instruments

(f)Loans repayable on
demand

(i)from banks
(ii)from other parties
(g) Other loans
(specify nature)

Total (A)
Borrowings in India
Borrowings outside
India

Total (B) to tally
with (A)

(i) Borrowings shall further be sub-classified as secured and unsecured. Nature of security shall be specified separately in
each case.
(ii) Where borrowings have been guaranteed by directors or others, the aggregate amount of such borrowings under each
head shall be disclosed;
(iii) terms of repayment of term loans and other loans shall be stated; and
(iv) period and amount of default as on the balance sheet date in repayment of borrowings and interest shall be specified
separately in each case.
(N) Deposits

(Current Year) (Previous Year)
At Amortised
Cost
At fair
value
through
profit or
loss
Designated at
fair value
through profit
or loss
Total At Amortised
Cost
At fair
value
through
profit or
loss
Designated at
fair value
through profit
or loss
Total
(1) (2) (3) (4)=(1)+(2)+(3) (5) (6) (7) (8)=(5)+(6)+(7)
Deposits
(i) Public
Deposits


(ii) From
Banks

(iii)From
Others

Total

(O) Subordinated Liabilities

(Current Year) (Previous Year)
At
Amortised
Cost
At fair
value
through
profit or
loss
Designated
at fair
value
through
profit or
loss
Total At
Amortised
Cost
At fair
value
through
profit or
loss
Designated at
fair value
through
profit or loss
Total
(1) (2) (3) (4)=(1)+(2)+(3) (5) (6) (7) (8)=(5)+ (6)+(7)
Perpetual Debt
Instruments to the
extent that do not
qualify as equity

Preference Shares
other than those
that qualify as
Equity

Others (specifying
the nature and type
of instrument
issued)

Total (A)

Subordinated
Liabilities in India

Subordinated
Liabilities outside
India

Total (B) to tally
with (A)

(P) Other Financial Liabilities (to be specified): Other Financial liabilities shall be classified as-
(a) Interest accrued;
(b) Unpaid dividends;
(c) Application money received for allotment of securities to the extent refundable and interest accrued thereon;
(d) Unpaid matured deposits and interest accrued thereon;
(e) Unpaid matured debentures and interest accrued thereon;
(f) Margin money (to be specified);and
(g) Others (specify nature)


(Q) Provisions: The amounts shall be classified as-
(a) Provision for employee benefits; and
(b) Others (specify nature)
(R) Other Non-financial liabilities (to be specified):
(a) Revenue received in advance;
(b) Other advances (Specify nature); and

(c) Others (specify nature).
(S) Equity Share Capital : For each class of equity share capital:
(a) the number and amount of shares authorized;
(b) the number of shares issued, subscribed and fully paid, and subscribed but not fully paid;
(c) par value per share;
(d) a reconciliation of the number of shares outstanding at the beginning and at the end of the period;
(e) the rights, preferences and restrictions attaching to each class of shares including restrictions on the distribution
of dividends and the repayment of capital;
(f) shares in respect of each class in the company held by its holding company or its ultimate holding company
including shares held by or by subsidiaries or associates of the holding company or the ultimate holding company
in aggregate;
(g) shares in the company held by each shareholder holding more than five percent shares specifying the number of
shares held;
(h) shares reserved for issue under options and contracts/commitments for the sale of shares or disinvestment,
including the terms and amounts;
(i) For the period of five years immediately preceding the date at which the Balance Sheet is prepared:
• Aggregate number and class of shares allotted as fully paid up pursuant to contract without payment
being received in cash;
• Aggregate number and class of shares allotted as fully paid up by way of bonus shares; and
• Aggregate number and class of shares bought back;
(j) terms of any securities convertible into equity shares issued along with the earliest date of conversion in
descending order starting from the farthest such date;
(k) calls unpaid (showing aggregate value of calls unpaid by directors and officers);
(l) forfeited shares (amount originally paid up)
(m) An NBFC shall disclose information that enables users of its financial statements to evaluate the NBFC’s
objectives, policies and processes for managing capital.
1[(n) A Company shall disclose Shareholding of Promoter* as below:
Shares held by promoters at the end of the year % Change during the year***
S.No Promoter Name No. of
Shares**
%of
total
shares**

Total
*Promoter here means promoter as defined in the Companies Act, 2013.
** Details shall be given separately for each class of shares
*** percentage change shall be computed with respect to the number at the beginning of the year or if issued during
the year for the first time then with respect to the date of issue.]
(T) Other Equity
(i) Other Reserves’ shall be classified in the notes as:
(a) Capital Redemption Reserve;
(b) Debenture Redemption Reserve;
(c) Share Options Outstanding Account;
(d) Statutory Reserves; and
(e) Others – (specify the nature and purpose of each reserve and the amount in respect thereof);
(Additions and deductions since last balance sheet to be shown under each of the specified heads)
(iii) Retained Earnings represents surplus i.e. balance of the relevant column in the Statement of Changes in

1. Ins. by Notification No. G.S.R. 207(E), dated 24th March, 2021, (w.e.f. 1-4-2021).

Equity;
(iv) A reserve specifically represented by earmarked investments shall disclose the fact that it is so represented;
(v) Debit balance of Statement of Profit and Loss shall be shown as a negative figure under the head ‘retained
earnings’. Similarly, the balance of ‘Other Equity’, after ad justing negative balance of retained earnings, if
any, shall be shown under the head ‘Other Equity’ even if the resulting figure is in the negative;
(vi) Under the sub-head ‘Other Equity’, disclosure shall be made for the nature and amount of each item; and
(vii) Under the sub -head ‘Other Equity’, disclosure shall be made for conditions or restrictions for distribution
attached to statutory reserves.
(U) Contingent Liabilities and commitments (to the extent not provided for)
(i) Contingent Liabilities shall be classified as:
(a) Claims against the company not acknowledged as debt;
(b) Guarantees excluding financial guarantees; and
(c) Other money for which the company is contingently liable
(ii) Commitments shall be classified as:
(a) Estimated amount of contracts remaining to be executed on capital account and not pro-
vided for;
(b) Uncalled liability on shares and other investments partly paid;
(c) Other commitments (specify nature).
(V) The amount of dividends proposed to be distributed to equity and preference shareholders for the period and the related
amount per share shall be disclosed separately. Arrears of fixed cumulative dividends on irredeemable preference
shares shall also be disclosed separately.
(W) Where in respect of an issue of securities made for a specific purpose the whole or part of amount has not
been used for the specific purpose at the Balance Sheet date, there shall be indicated by way of note how
such unutilized amounts have been used or invested.
1[(WA) Where the company has not used the borrowings from banks and financial institution for the specific
purpose for which it was taken at the balance sheet date, the company shall disclose the details of where
they have been used;
(WB) Additional Regulatory Information
(i) Title deeds of Immovable Properties not held in name of the Company

The company shall provide the details of all the immovable property (other than properties where the
Company is the lessee and the lease agreements are duly executed in favour of the lessee) whose title deeds
are not held in the name of the company in fol lowing format and where such immovable property is jointly
held with others, details are required to be given to the extent of the company‘s share.
Relevant
line item
in the
Balance
sheet
Description
of item of
property
Gross
carrying
value
Title deeds
held in the
name of
Whether title
deed holder is
promoter,
director or
relative # of
promoter/director
or employee of
promoter/director
Property held
since which
date
Reason for not
being held in the
name of the
company**
PPE
-

Investment
Property
-

Non-
current
asset held
for sale

Land
Building

Land
Building


Land
Building
- - - - *** also
Indicate if in
dispute

1. Ins. by Notification No. G.S.R. 207(E), dated 24th March, 2021, (w.e.f. 1-4-2021).

others

#Relative here means relative as defined in the Companies Act, 2013.
*Promoter here means promoter as defined in the Companies Act, 2013.
(ii) The company shall disclose as to whether the fair value of investment property (as measured for disclosure
purposes in the financial statements) is based on the valuation by a registered valuer as defined under rule 2 of
Companies (Registered Valuers and Valuation) Rules, 2017.
(iii) Where the Company has revalued its Property, Plant and Equipment (including Right-of-Use Assets), the
company shall disclose as to whether the revaluation is based on valuation by a Registered Valuer as defined under
rule 2 of Companies (Registered Valuers and Valuation) Rules, 2017.
(iv) Where the Company has revalued its Intangible assets, the company shall disclose as to whether the
revaluation is based on valuation by a Registered Valuer as defined under rule 2 of Companies (Registered Valuers
and Valuation) Rules, 2017.
(v) Following disclosures shall be made where loans or advances in the nature of loans are granted to promoters,
directors, KMPs and the related parties (as defined under the Companies Act, 2013), either severally or jointly with
any other person that are:
(a) repayable on demand or
(b) without specifying any terms or period of repayment
Type of Borrower Amount of loan or advances in the nature
of loan outstanding
Percentage to the total
Loans and Advances in the
nature of loans
Promoter
Directors
KMPs
Related parties

(iv) Capital-work-in Progress (CWIP)
(a) For Capital-work-in progress, following ageing schedule shall be given:
CWIP aging schedule
(Amount in Rs.)
CWIP Amount in CWIP for a period of Total*
Less than 1 year 1-2 years 2-3 years More than 3
years

Projects in
progress
Projects
temporarily
suspended

*Total shall tally with CWIP amount in the balance sheet.
(b) For capital-work-in progress, whose completion is overdue or has exceeded its cost compared to its original
plan, following CWIP completion schedule shall be given**:
(Amount in Rs.)
CWIP To be completed in
Less than 1 year 1-2 years 2-3 years More than 3 years
Project 1

Project 2”

** Details of projects where activity has been suspended shall be given separately.
(vii) Intangible assets under development:
(a) For Intangible assets under development, following ageing schedule shall be given:
Intangible assets under development aging schedule
(Amount in Rs.)
Intangible assets
under development
Amount in CWIP for a period of Total*
Less than 1 year 1-2 years 2-3 years More than 3
years

Projects in
progress

Projects
temporarily
suspended

*Total shall tally with the amount of Intangible assets under development in the balance sheet.
(b) For Intangible assets under development, whose completion is overdue or has exc eeded its cost compared to its
original plan, following Intangible assets under development completion schedule shall be given**:
(Amount in Rs.)
Intangible assets under
development
To be completed in
Less than 1
year
1-2 years 2-3 years More than 3 years
Project 1
Project 2

**Details of projects where activity has been suspended shall be given separately.

(viii) Details of Benami Property held
Where any proceedings have been initiated or pending against the company for holding any benami property under the
Benami Transactions (Prohibition) Act, 1988 (45 of 1988) and rules made thereunder, the company shall disclose the
following:-
(a) Details of such property,
(b) Amount thereof,
(c) Details of Beneficiaries,
(d) If property is in the books, then reference to the item in the Balance Sheet,
(e) If property is not in the books, then the fact shall be stated with reasons,
(f) Where there are proceedings against the company under this law as an abetter of the transaction or as the transferor
then the details shall be provided.
(g) Nature of proceedings, status of same and company‘s view on same.
(ix) Where the Company has borrowings from banks or financial institutions on the basis of security of current assets, it shall
disclose the following:-
(a) whether quarterly returns or statements of current assets filed by the Company with banks or financial institutions
are in agreement with the books of accounts,
(b) if not, summary of reconciliation and reasons of material discrepancies if any to be ad equately disclosed.


(X) Wilful Defaulter*
Where a company is a declared wilful defaulter by any bank or financial Institution or other lender, following details
shall be given, namely:-
(a) date of declaration as wilful defaulter,
(b) details of defaults (amount and nature of defaults).
*wilful defaulter‖ here means a person or an issuer who or which is categorized as a willful defaulter by any bank or
financial institution (as defined under the Companies Act, 2013) or consortium thereof, in accordance with the guidelines
on wilful defaulters issued by the Reserve Bank of India.
(xi) Relationship with Struck off Companies
Where the company has any transactions with the companies struck off under section 248 of Companies Act, 2013 or section
560 of Companies Act, 1956, the Company shall disclose the following details,
Name of struck off
Company
Nature of transactions with
struck-off Company
Balance outstanding Relationship with the Struck
off company , if any, to be
disclosed
Investment in securities
Receivables
Payables
Shares held by stuck off
company

Other outstanding balances
(to be specified)


(xii) Registration of charges or satisfaction with Registrar of Companies (ROC)
Where any charges or satisfaction yet to be registered with ROC beyond the statutory period, details and reasons thereof shall be
disclosed.
(xiii) Compliance with number of layers of companies
Where the company has not complied with the number of layers pres cribed under clause (87) of section 2 of the Act read with
Companies (Restriction on number of Layers) Rules, 2017, the name and CIN of the companies beyond the specified layers and
the relationship/extent of holding of the company in such downstream companies shall be disclosed.
(xiv) Following Ratios shall be disclosed
(a) Capital to risk-weighted assets ration (CRAR)
(b) Tier I CRAR
(C) Tier II CRAR
(d) Liquidity Coverage Ratio
(xv) Compliance with approved Scheme(s) of Arrangements
Where any Scheme of Arrangements has been approval by the Competent Authority in terms of section 230 to 237 of the
Companies Act, 2013, the Company shall disclose that the effect of such Scheme of Arrangements have been accounted for in
the books of account of the Company ‘in accordance with the Scheme’ and ‘in accordance with account ing standards’. Any
deviation in this regard shall be explained.
(xvi) Utilisation of Borrowed funds and share premium:
(A) Where company has advanced or loaned or invested funds (either borrowed funds or share premium or any other sources or
kind of funds) to any other person(s) or entity(ies), including foreign entities (Intermediaries) with the understanding (whether
recorded in writing or otherwise) that the Intermediary shall
(i) directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever by or on behalf of the
company (Ultimate Beneficiaries) or

(ii) provide any guarantee, security or the like to or on behalf of the Ultimate Beneficiaries;
the company shall disclose the following:-
(I) date and amount of fund advanced or loaned or invested in Intermediaries with complete details of each Intermediary.
(II) date and amount of fund further advanced or loaned or invested by such Intermediaries to other intermediaries or
Ultimate Beneficiaries alongwith complete details of the ultimate beneficiaries.
(III) date and amount of guarantee, security or the like provided to or on behalf of the Ultimate Beneficiaries
(IV) declaration that relevant provisions of the Foreign Exchange Management Act, 1999 (42 of 1999) and Companies
Act has been complied with for such transactions and the transactions are not violative of the Prevention of Money -
Laundering act, 2002 (15 of 2003).;
(B) Where a company has received any fund from any person(s) or entity(ies), including foreign enti ties (Funding Party)
with the understanding (whether recorded in writing or otherwise) that the company shall
(i) directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever by or on behalf of
the Funding Party (Ultimate Beneficiaries) or
(ii) provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries, the company shall disclose the
following:-
(I) date and amount of fund received from Funding parties with complete details of each Funding p arty.
(II) date and amount of fund further advanced or loaned or invested other intermediaries or Ultimate Beneficiaries
alongwith complete details of the other intermediaries‘ or ultimate beneficiaries.
(III) date and amount of guarantee, security or the like provided to or on behalf of the Ultimate Beneficiaries
(IV) declaration that relevant provisions of the Foreign Exchange Management Act, 1999 (42 of 1999) and Companies
Act has been complied with for such transactions and the transactions are not violative of the Prevention of Money -
Laundering act, 2002 (15 of 2003).;]
(X) Other Classification related General Instructions
1. When an NBFC applies an accounting policy retrospectively or makes a restatement of items in the
financial statements or when it reclas sifies items in its financial statements, the NBFC shall attach to
the Balance Sheet, a “Balance Sheet” as at the beginning of the earliest comparative period presented.
2. Share application money pending allotment shall be classified into equity or liability in accordance with
relevant Indian Accounting Standards. Share application money to the extent not refundable shall be
shown under the head Equity and share application money to the extent refundable shall be separ ately
shown under ‘Other financial liabilities’.
3. Preference shares including premium received on issue, shall be classified and presented as ‘Equity’ or
‘Liability’ in accordance with the requirements of the relevant Indian Accounting Stan dards.
Accordingly, the disclosure and presentation requirements in this regard applicable to the relevant class
of equity or liability shall be applicable mutatis mutandis to the preference shares. For instance, plain
vanila redeemable preference shares shall be classified and presented under ‘liabilities’ as ‘borrowings’
or ‘subordinated liability’ and the disclosure requirements in this regard applicable to such borrowings
shall be applicable mutatis mutandis to redeemable preference shares.
4. Compound financial instruments such as convertible debentures, where s plit into equity and liability
components, as per the requirements of the relevant Indian Accounting Standards, shall be classified
and presented un- der the relevant heads in ‘‘Liabilities and Equity’.
5. Regulatory Deferral Account Balances shall be presented in the Balance Sheet in accordance with the
relevant Indian Accounting Standards.

PART II – STATEMENT OF PROFIT AND LOSS

Name of the Non-Banking Financial Company…………………….
Statement of Profit and Loss for the period ended ………………………
(Rupees in ...................... )

Particulars Note No. Figures for the current
reporting period
Figures for the previous
reporting period
Revenue from operations
(i) Interest Income
(ii) Dividend Income
(iii) Rental Income
(iv) Fees and commission Income
(v) Net gain on fair value changes
(vi) Net gain on derecognition of financial instruments under
amortised cost category

(vii) Sale of products(including Excise Duty)
(viii) Sale of services
(ix) Others (to be specified)
(I) Total Revenue from operations

(II) Other Income (to be specified)
(III) Total Income (I+II)

Expenses
(i) Finance Costs
(ii) Fees and commission expense
(iii) Net loss on fair value changes
(iv) Net loss on derecognition of financial instruments under
amortised cost category

(v) Impairment on financial instruments
(vi) Cost of materials consumed
(vii) Purchases of Stock-in-trade
(viii) Changes in Inventories of finished goods, stock-in-trade
and work-in- progress

(ix) Employee Benefits Expenses
(x) Depreciation, amortization and impairment
(xi) Others expenses (to be specified)
(IV ) Total Expenses (IV)

(V ) Profit / (loss) before exceptional items and tax (III-IV)
(VI ) Exceptional items
(VII ) Profit/(loss) before tax (V -VI )
(VIII) Tax Expense:
(1) Current Tax
(2) Deferred Tax



Particulars Note No. Figures for the current
reporting period
Figures for the
previous
reporting
period
Revenue from operations
(IX) Profit / (loss) for the period from continuing
operations(VII-VIII)

(X) Profit/(loss) from discontinued operations
(XI) Tax Expense of discontinued operations
(XII) Profit/(loss) from discontinued operations(After tax) (X-
XI)

(XIII) Profit/(loss) for the period (IX+XII)

(XIV) Other Comprehensive Income
(A) (i) Items that will not be reclassified to profit or loss
(specify items and amounts)

(ii) Income tax relating to items that will not be
reclassified to profit or loss

Subtotal (A)
(B) (i) Items that will be reclassified to profit or loss
(specify items and amounts)

(ii) Income tax relating to items that will be reclassified
to profit or loss

Subtotal (B)
Other Comprehensive Income (A + B)

(XV) Total Comprehe nsive Income for the period
(XIII+XIV) (Comprising Profit (Loss) and other
Comprehensive Income for the period)


(XVI) Earnings per equity share (for continuing operations)
Basic (Rs.)
Diluted (Rs.)

(XVII) Earnings per equity share (for discontinued
operations)

Basic (Rs.)
Diluted (Rs.)

(XVIII) Earnings per equity share (for continuing and
discontinued operations)

Basic (Rs.)
Diluted (Rs.)
See accompanying notes to the financial statements


Notes
GENERAL INSTRUCTIONS FOR PREPARATION OF STATEMENT OF PROFIT AND LOSS
1. The provisions of this Part shall apply to the income and expenditure account, in like manner as they apply to a
Statement of Profit and Loss.
2. The Statement of Profit and Loss shall include:
(A) Profit or loss for the period;
(B) Other Comprehensive Income for the period.
The sum of (A) and (B) above is ‘Total Comprehensive Income’.
3. Interest Income


Particulars
(Current Year) (Previous Year)
On Financial
Assets measured
at fair value
through OCI
On Financial Assets
measured at
Amortised Cost
Interest
Income on
Financial
Assets
classified at
fair value
through profit
or loss
On Financial
Assets
measured at
fair value
through OCI
On Financial
Assets measured
at Amortised Cost
Interest
Income on
Financial
Assets
classified at
fair value
through profit
or loss
Interest on Loans
Interest income from
investments

Interest on deposits with
Banks

Other interest Income
Total

4. Net gain/ (loss) on fair value changes*

Particulars (Current Year) (Previous Year)

(A) Net gain/ (loss) on financial instruments at fair
value through profit or loss


(i) On trading portfolio

- Investments
- Derivatives

- Others


(ii) On financial instruments designated at fair value
through profit or loss

(B) Others ( to be specified)
Total Net gain/(loss) on fair value changes (C)
Fair Value changes:
-Realised
-Unrealised

Total Net gain/(loss) on fair value changes(D) to tally
with (C)

*Fair value changes in this schedule are other than those arising on account of accrued interest income/expense.

5. Other Income (to be specified)

Particulars (Current Year) (Previous Year)

Net gain/(loss) on ineffective portion of hedges

Net gain/(loss) on derecognition of property, plant and equipment
Net gain or loss on foreign currency transaction and translation (other than
considered as finance cost)( to be specified)

Others ( to be specified)*
Total
* Any item under the subhead ‘Others’ which exceeds one per cent of the total income to be presented separately.
6. Finance Costs

Particulars (Current Year) (Previous Year)
On Financial On Financial liabilities On Financial On Financial
liabilities measured at Amortised liabilities measured liabilities measured
measured at fair Cost at fair value through at Amortised Cost
value through profit or loss
profit or loss
Interest on deposits
Interest on borrowings
Interest on debt securities
Interest on subordinated liabilities
Other interest expense
Total
7. Employee Benefits Expenses

Particulars (Current Year) (Previous Year)
Salaries and wages
Contribution to provident and other funds
Share Based Payments to employees
Staff welfare expenses
Others (to be specified)
Total
8. Impairment on financial instruments


Particulars
(Current Year) (Previous Year)
On Financial instruments
measured at fair value
through OCI
On Financial
instruments
measured at
Amortised Cost
On Financial
instruments
measured at fair
value through OCI
On Financial
instruments
measured at
Amortised Cost
Loans


Investments


Others (to be specified)
Total



9. Other expenses (to be specified)

Particulars (Current Year) (Previous Year)
Rent, taxes and energy costs
Repairs and maintenance
Communication Costs
Printing and stationery
Advertisement and publicity
Director’s fees, allowances and expenses
Auditor’s fees and expenses
Legal and Professional charges
Insurance
Other expenditure
Total
* Any item under the subhead ‘Others expenditure’ which exceeds one per cent of the total income to be presented
separately.
10. Other Comprehensive Income shall be classified into-
(A) Items that will not be reclassified to profit or loss
i. Changes in revaluation surplus;
ii. Remeasurements of the defined benefit plans;
iii. Equity Instruments through Other Comprehensive Income;
iv. Fair value changes relating to own credit risk of financial liabilities designated at fair value through
profit or loss;
v. Share of Other Comprehensive Income in Associates and Joint Ventures, to the extent not to be classi-
fied into profit or loss; and
vi. Others (specify nature).
(B) Items that will be reclassified to profit or loss;
i. Exchange differences in translating the financial statements of a foreign operation;
ii. Debt Instruments through Other Comprehensive Income;
iii. The effective portion of gains and loss on hedging instruments in a cash flow hedge;
iv. Share of Other Comprehensive Income in Associates and Joint Ventures, to the extent to be classified
into profit or loss; and
v. Others (specify nature).
11. Additional Information: An NBFC shall disclose by way of notes, additional information regarding aggregate
expenditure and income on the following items:
i. Depreciation, amortisation and impairment
ii. payments to the auditor as (a) auditor, (b) for taxation matters, (c) for company law matters, (d) for other
services, (e) for reimbursement of expenses;
iii. in case of NBFCs covered under section 135, amount of expenditure incurred on corporate social responsi -
bility activities; and
iv. details of items of exceptional nature
1[v. undisclosed income

1. Ins. by Notification No. G.S.R. 207(E), dated 24th March, 2021, (w.e.f. 1-4-2021).

The Company shall give details of any transactions not recorded in the books of accounts that has been
surrendered or disclosed as income during the year in the tax assessments under the Income Tax Act, 1961 (such
as, search or survey or any other relevant provisions of the Income Tax Act, 1961), unless there is immunity for
disclosure under any scheme. Also, state whether the previously unrecorded income and related assets have been
properly recorded in the books of account during the year.
vi. Corporate Social Responsibility (CSR)
Where the company (NBFC) covered under section 135 of the Companies Act, the following shall be disclosed with
regard to CSR activated:-
(a) amount required to be spent by the company during the year,
(b) amount of expenditure incurred,
(c) shortfall at the end of the year,
(d) total of previous years shortfall,
(e) reason for shortfall,
(f) nature of CSR activities,
(g) details of related part y transactions, e.g., contribution to a trust controlled by the company in relation to CSR
expenditure as per relevant Accounting Standard,
(h) where a provision is made with respect to a liability incurred by entering into a contractual obligation, the
movements in the provision during the year shall be shown separately.
vii details of Crypto Currency or Virtual Currency
Where the Company has traded or invested in Crypto currency or virtual Currency during the financial year, the following
shall be disclosed:-
(a) profit or loss on transactions involving Crypto currency or Virtual Currency.
(b) amount of currency held as at the reporting date.
(c) deposits or advances from any person for the purpose of trad ing or investing in Crypto Currency or virtual
currency.]
PART III- GENERAL INSTRUCTIONS FOR THE PREPARATION OF CONSOLIDATED
FINANCIAL STATEMENTS
(1) Where a Non -Banking Financial Company (NBFC) is required to prepare Consolidated Financial
Statements, i.e., consolidated balance sheet, consolidated statement of changes in equity and
consolidated statement of profit and loss, the NBFC shall mutatis mutandis follow the requirements of
this Schedule as applicable to an NBFC in the preparation of balance sheet, statement of changes in
equity and statement of profit and loss. However, where the consolidated financial statements contains
elements pertaining to NBFCs and other than NBFCs, mixed basis of presentation may be followed for
consolidated financial stateme nts where both kinds of opera - tions are significant. In addition, the
consolidated financial statements shall disclose the information as per the requirements specified in the
applicable Indian Accounting Standards notified under the Companies (Indian Ac- counting Standards)
Rules 2015, including the following, namely:-
(i) Profit or loss attributable to ‘non-controlling interest’ and to ‘owners of the parent’ in the statement
of profit and loss shall be presented as allocation for the period. Further, ‘total comprehensive
income’ for the period attributable to ‘non-controlling interest’ and to ‘owners of the parent’ shall
be presented in the statement of profit and loss as allocation for the period. The aforesaid
disclosures for ‘total comprehensive income’ sh all also be made in the statement of changes in
equity. In addition to the disclosure requirements in the Indian Accounting Standards, the aforesaid
disclosures shall also be made in respect of ‘other comprehensive income’.
(ii) ‘Non-controlling interests’ in the Balance Sheet and in the Statement of Changes in Equity, within
equity, shall be presented separately from the equity of the ‘owners of the parent’.
(iii) Investments accounted for using the equity method.


(2) In Consolidated Financial Statements, the following shall be disclosed by way of additional information:

Name of
the entity
in the
Group
Net Assets, i.e., total assets
minus total liabilities
Share in profit or loss Share in other
comprehensive income
Share in total
comprehensive income
As % of
consolidated
net assets
Amount
As % of
consolidated
profit or loss
Amount As % of
consolidated
other
comprehensive
income
Amount As % of total
comprehensive
income
Amount
ent
Subsidiaries
Indian
1.
2.
3.
.
.
Foreign
1.
2.
3.
.
.
Non-
controlling
Interests in
all
subsidiaries
Associates
(Investment
as per the
equity
method)
Indian
1.
2.
3.
.
.
Foreign
1.
2.
3.
.
.
Joint



Ventures(as
per the
equity
method)
Indian
1.
2.
3.
.
.
Foreign
1.
2.
3.
.
.

Total
(3) All subsidiaries, associates and joint ventures (whether Indian or foreign) will be covered under consolidated
financial statements.
(4) An entity shall disclose the list of subsidiaries or associates or joint ventures which have not been
consolidated in the consolidated financial statements along with the reasons of not consolidating.]