The Ministry of Corporate Affairs vide its Notification No :- S.O.447(E) dtd 28th Febrauary 2011 issued earlier , had prescribed the new format of Balance Sheet and Profit & Loss Account in respect of Companies governed under the Companies Act,1956. The new Schedule VI contains the format in which the Balance Sheet and Profit & Loss Account of a Company has to be prepared.
The Ministry vide its another Notification No S.O.653(E) dtd 30th March 2011 , had stipulated that the new Format of Balance Sheet and Profit & Loss Account has to be followed in respect of Financial statements commencing on or after 01.04.2011.
Accordingly, the Financial Statements for the year 2011-12 has to be prepared as per the New Schedule VI format. Hence the Balance sheet and Profit & Loss account for the year ended 31/03/2012 , in respect of Private and Public Limited Companies incorporated under the Companies Act,1956 shall be as per the New Schedule VI format prescribed.
The new format of Schedule VI is available for download here. Click the link below to download the new Schedule VI format.