Treatise on Schedule III (2nd Edition)
- Year of Publication: 2023
- Edition: 2nd
- ISBN: 978-93-94163-69-0
- No.of Pages: 585
1. Schedule III to the Companies Act, 2013 - An Overview
This chapter gives an overview of Schedule III, explaining changes made over the period of time including revision of Schedule VI, introduction of Division I, II and III. The chapter briefly covers:
- Latest amendments made by MCA vide notification dated March 24, 2021 in line with CARO, 2020.
- Applicability of Schedule III and respective Divisions
- Interplay of AS and Ind AS with Schedule III
- Interplay of CARO 2020 with Schedule III
- List of applicable Accounting Standards (AS)
- List of applicable Indian Accounting Standards (Ind AS)
- Comparison of Division I, II and III
- FAQs on Preparation of Financial Statements
2. Analysis of Division I
This chapter is all about in-depth clause by clause analysis of Division I to Schedule III. Various practical aspects from annual reports of listed companies have been incorporated in order to better help readers understand disclosure requirements of the Schedule III.
3. Analysis of Division II
This chapter is all about in-depth clause by clause analysis of Division II to the Schedule III. Various practical aspects from annual reports of listed companies have been incorporated in order to better help readers understand disclosure requirements of the Schedule III.
4. Analysis of Division III
This chapter is all about in-depth clause by clause analysis of Division III to the Schedule III. Various practical aspects from annual reports of listed companies have been incorporated in order to better help readers understand disclosure requirements of the Schedule III.
5. Commonly found non-compliances of Schedule III
This chapter will help readers with a quick glance at the hotspots in preparation of financial statements and accordingly they can take extra caution of these specific areas while preparing financial statements.
CA. (Dr.) Alok K. Garg, a seasoned professional, is a Member of The Institute of Chartered Accountants of India (ICAI) for more than a decade. He has been awarded with Honorary Doctorate by Bharath Virtual University for Peace & Education for his outstanding contribution in the field of finance by teaming up his Industry experience in the academic contribution on regular basis.
He is currently working as a General Manager - Finance and heading Financial Reporting, Consolidation and Fixed Assets function of one of the largest listed Telecom Infrastructure Company. Having completed his graduation in B.Com (Hons.) from University of Delhi in 2004, he also qualified the Company Secretary from Institute of Company Secretaries of India (ICSI) in the year 2008.
He is a Diploma holder in IFRS from ACCA, United Kingdom and also Certified Ind AS from Institute of Chartered Accountants of India (ICAI).
He is having a thorough experience in the field of Financial Reporting, Consolidation, Internal Controls, Fixed Assets and Auditing for more than 15 years and associated with Indus Towers (formerly Bharti Infratel), HSBC, IL& FS and consulting firms during his professional stint.
Mr. Garg is a prolific speaker, has delivered more than 700 lectures on IFRS, Ind AS, Accounting Standards and Auditing Standards across the country and outside at diverse platforms organised by various professional Institutes, Universities, and various committees, branches and study circles of ICAI.
Mr. Garg is a prolific speaker, has delivered more than 850 lectures on IFRS, Ind AS, Accounting Standards and Auditing Standards across the country and outside at diverse platforms organised by various professional Institutes, Universities, and various committees, branches and study circles of ICAI. CA. Alok Garg is actively involved in professional contribution to the society in terms of imparting knowledge to fellow members and students at ICAI, ICSI and Various Universities and outside through his knowledge series various articles published at various channels of print as well as social media.
He has a keen interest in travelling, listening to music and is very passionate about disseminating knowledge in the form of lecture delivery, authoring books and sharing his articles in leading publications. He is instrumental in giving back to the society and is very actively involved in mentorship of young professionals and students.
Bharat is a 'trade-name' for a group of concerns, popularly known as Bharat Law House and Bharat Law House Pvt. Ltd. Bharat is one of the most reputed publishers of law books with an experience of over six decades. It possess a very diverse range of publications covering not only the area of taxation - direct and indirect - but also company law, insolvency capital market, finance, industrial law, foreign exchange, commercial, civil and criminal laws. The students publications for CA, CS, CMA, CFA, MBA, graduate and post-graduate studies have carved out a niche for themselves. The Publication House has a professionally qualified team with strong in-house capabilities. Their strength lies in the patronage of legal luminaries in every field. They strive for accuracy, authenticity and sincerity.
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- Year of Publication: 2023
- Edition: 2nd
- ISBN: 978-93-94163-69-0
- No.of Pages: 585
1. Schedule III to the Companies Act, 2013 - An Overview
This chapter gives an overview of Schedule III, explaining changes made over the period of time including revision of Schedule VI, introduction of Division I, II and III. The chapter briefly covers:
- Latest amendments made by MCA vide notification dated March 24, 2021 in line with CARO, 2020.
- Applicability of Schedule III and respective Divisions
- Interplay of AS and Ind AS with Schedule III
- Interplay of CARO 2020 with Schedule III
- List of applicable Accounting Standards (AS)
- List of applicable Indian Accounting Standards (Ind AS)
- Comparison of Division I, II and III
- FAQs on Preparation of Financial Statements
2. Analysis of Division I
This chapter is all about in-depth clause by clause analysis of Division I to Schedule III. Various practical aspects from annual reports of listed companies have been incorporated in order to better help readers understand disclosure requirements of the Schedule III.
3. Analysis of Division II
This chapter is all about in-depth clause by clause analysis of Division II to the Schedule III. Various practical aspects from annual reports of listed companies have been incorporated in order to better help readers understand disclosure requirements of the Schedule III.
4. Analysis of Division III
This chapter is all about in-depth clause by clause analysis of Division III to the Schedule III. Various practical aspects from annual reports of listed companies have been incorporated in order to better help readers understand disclosure requirements of the Schedule III.
5. Commonly found non-compliances of Schedule III
This chapter will help readers with a quick glance at the hotspots in preparation of financial statements and accordingly they can take extra caution of these specific areas while preparing financial statements.
CA. (Dr.) Alok K. Garg, a seasoned professional, is a Member of The Institute of Chartered Accountants of India (ICAI) for more than a decade. He has been awarded with Honorary Doctorate by Bharath Virtual University for Peace & Education for his outstanding contribution in the field of finance by teaming up his Industry experience in the academic contribution on regular basis.
He is currently working as a General Manager - Finance and heading Financial Reporting, Consolidation and Fixed Assets function of one of the largest listed Telecom Infrastructure Company. Having completed his graduation in B.Com (Hons.) from University of Delhi in 2004, he also qualified the Company Secretary from Institute of Company Secretaries of India (ICSI) in the year 2008.
He is a Diploma holder in IFRS from ACCA, United Kingdom and also Certified Ind AS from Institute of Chartered Accountants of India (ICAI).
He is having a thorough experience in the field of Financial Reporting, Consolidation, Internal Controls, Fixed Assets and Auditing for more than 15 years and associated with Indus Towers (formerly Bharti Infratel), HSBC, IL& FS and consulting firms during his professional stint.
Mr. Garg is a prolific speaker, has delivered more than 700 lectures on IFRS, Ind AS, Accounting Standards and Auditing Standards across the country and outside at diverse platforms organised by various professional Institutes, Universities, and various committees, branches and study circles of ICAI.
Mr. Garg is a prolific speaker, has delivered more than 850 lectures on IFRS, Ind AS, Accounting Standards and Auditing Standards across the country and outside at diverse platforms organised by various professional Institutes, Universities, and various committees, branches and study circles of ICAI. CA. Alok Garg is actively involved in professional contribution to the society in terms of imparting knowledge to fellow members and students at ICAI, ICSI and Various Universities and outside through his knowledge series various articles published at various channels of print as well as social media.
He has a keen interest in travelling, listening to music and is very passionate about disseminating knowledge in the form of lecture delivery, authoring books and sharing his articles in leading publications. He is instrumental in giving back to the society and is very actively involved in mentorship of young professionals and students.
Bharat is a 'trade-name' for a group of concerns, popularly known as Bharat Law House and Bharat Law House Pvt. Ltd. Bharat is one of the most reputed publishers of law books with an experience of over six decades. It possess a very diverse range of publications covering not only the area of taxation - direct and indirect - but also company law, insolvency capital market, finance, industrial law, foreign exchange, commercial, civil and criminal laws. The students publications for CA, CS, CMA, CFA, MBA, graduate and post-graduate studies have carved out a niche for themselves. The Publication House has a professionally qualified team with strong in-house capabilities. Their strength lies in the patronage of legal luminaries in every field. They strive for accuracy, authenticity and sincerity.
