[vc_row][vc_column]\n\t
Link: http:\/\/mca.gov.in\/Ministry\/pdf\/AccountsAmendmentRules_24032021.pdf<\/a>[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column]\n\t Link: http:\/\/mca.gov.in\/Ministry\/pdf\/AuditAuditorsAmendmentRules_24032021.pdf<\/a> a<\/strong>. Disclosure of Shareholding of Promoters. Link: http:\/\/mca.gov.in\/Ministry\/pdf\/ScheduleIIIAmendmentNotification_24032021.pdf<\/a>[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column width=”1\/2″][\/vc_column][vc_column width=”1\/2″]\n\t Disclaimer: This insight is meant for informational purpose only and should not be considered as an advice or opinion. Best Regards, [vc_row][vc_column][vc_column_text]From FY commencing on 01.04.2021, every Company shall use Accounting Software having feature to record audit trail of each transaction, …<\/p>\n","protected":false},"author":2,"featured_media":1370,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[52],"tags":[],"_links":{"self":[{"href":"https:\/\/sfsadvisors.co.in\/index.php?rest_route=\/wp\/v2\/posts\/161"}],"collection":[{"href":"https:\/\/sfsadvisors.co.in\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sfsadvisors.co.in\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sfsadvisors.co.in\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/sfsadvisors.co.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=161"}],"version-history":[{"count":10,"href":"https:\/\/sfsadvisors.co.in\/index.php?rest_route=\/wp\/v2\/posts\/161\/revisions"}],"predecessor-version":[{"id":1408,"href":"https:\/\/sfsadvisors.co.in\/index.php?rest_route=\/wp\/v2\/posts\/161\/revisions\/1408"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sfsadvisors.co.in\/index.php?rest_route=\/wp\/v2\/media\/1370"}],"wp:attachment":[{"href":"https:\/\/sfsadvisors.co.in\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=161"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sfsadvisors.co.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=161"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sfsadvisors.co.in\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=161"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}2. Other Matters to be Included in Auditors Report<\/h2>\n\t\t<\/span>\n\t<\/div>[vc_column_text]a. Reporting regarding advances, loans & Investment other than disclosed in notes to accounts.
\nb. Receiving of funds for further lending or investing other than disclosed in notes to accounts.
\nc. Dividend declared or paid is in compliance of section 123 of CA, 2013.
\nd.Comment of use of Accounting Software having Audit Trail & other rules therein.<\/p>\n
\n[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column]\n\t3. Amendments in Schedule III from 1st day of April, 2021 :<\/h2>\n\t\t<\/span>\n\t<\/div>[vc_column_text]As per the amendments many new disclosures has been mandatory as detailed below:<\/p>\n
\nb.<\/strong> Trade Payables ageing schedule with age 1 year, 1-2 year, 2-3 year & More than 3 years.
\nc.<\/strong> Reconciliation of the gross and net carrying amounts of each class of assets.
\nd.<\/strong> Trade Receivables ageing schedule with age 1 year, 1-2 year, 2-3 year & More than 3 years.
\ne.<\/strong> Detailed disclosure regarding title deeds of Immovable Property not held in name of the Company.
\nf.<\/strong> Disclosure regarding revaluation & CWIP ageing.
\ng.<\/strong> Loans or Advances granted to promoters, directors, KMPs and the related parties.
\nh.<\/strong> Details of Benami Property held.
\ni.<\/strong>\u00a0Reconciliation and reasons of material discrepancies, in quarterly statements submitted to bank and\u00a0 \u00a0 \u00a0 \u00a0 \u00a0books of accounts.
\nj.<\/strong> Disclosure where a company is a declared wilful defaulter by any bank or financial Institution.
\nk.<\/strong> Relationship with Struck off Companies.
\nl.<\/strong> Pending registration of charges or satisfaction with Registrar of Companies.
\nm.<\/strong> Compliance with number of layers of companies.
\nn.<\/strong>\u00a0Disclosure of 11 Ratios.
\no.<\/strong> Compliance with approved Scheme(s) of Arrangements.
\np.<\/strong> Utilisation of Borrowed funds and share premium.
\nq.<\/strong>\u00a0Details of transaction not recorded in the books that has been surrendered or disclosed as income in the tax assessments.
\nr.<\/strong> Disclosure regarding Corporate Social Responsibility.
\ns.<\/strong>\u00a0Details of Crypto Currency or Virtual Currency<\/p>\nCA Rajgopal Sanghi<\/h2>\n\t\t<\/span>\n\t<\/div>[\/vc_column][\/vc_row][vc_row row_type=”row_full_center_content” bg_color=”#e2e2e2″ row_text_color=”row_text_dark” border_color=”#000000″ border_style=”dotted” border_width=”1px”][vc_column][vc_column_text]We trust you will find this insight informative as well as useful.
\n<\/strong>For any <\/strong>queries, you can write to us at <\/strong>info@sfsadvisors.co.in<\/strong><\/a><\/p>\n
\n<\/strong><\/p>\n
\n<\/strong>Team SFS<\/strong>[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_button title=”Click here to Download Pdf” color=”custom” button_custom_color=”#6d6d6d” link=”url:https%3A%2F%2Fsfsadvisors.co.in%2Fwp-content%2Fuploads%2F2021%2F03%2FMCA-updates.pdf|||”][\/vc_column][\/vc_row]<\/p>\n","protected":false},"excerpt":{"rendered":"