[TO BE PUBLISHED IN GAZETTE OF INDIA, EXTRAORDINARY, PART-II,
SECTION 3, SUB-SECTION (i)]GOVERNMENT OF INDIAMINISTRY OF CORPORATE AFFAIRS
Notification
New Delhi, 24th March, 2021
G.S.R.
(E).—In exercise of the powers conferred by sub-section (1) of section 467 of theCompanies Act, 2013 (18 of 2013), the Central Government hereby makes the following further
amendments in Schedule III to the said Act with effect from 1st day of April, 2021, namely:In the said Schedule,(a) in Division I,(i) under the heading “General instructions for preparation of Balance Sheet and statement ofProfit and Loss of a company”, under sub-heading “General instructions”, in paragraph 4,
in clause (i), for the word “may” the word “shall” and for the word “Turnover”, at both theplaces where it occurs, the words “Total Income” shall be substituted;(ii) in Part I- Balance Sheet,(A) under the heading “II Assets”, under sub-heading “Non-current assets”, after the words“Property, Plant and Equipment”, the words “and Intangible assets” shall be inserted andfor the words “Tangible Assets”, the words “Property, Plant and Equipment” shall be
substituted;(B) in the “Notes”, under the heading “General Instructions for Preparation of Balance Sheet”,
in paragraph 6,(I) under the heading “A. Share Capital”, after item (l) and the entries relating thereto, thefollowing shall be inserted, namely:“(m) A company shall disclose Shareholding of Promoters* as below:
Shares held by promoters at the end of the year
S. No

% Change during theyear***

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 beginningof the year or if issued during the year for the first time then with respect to the date ofissue. ”1(II)under the heading “F. Short-term borrowings”, after item (iv) and the entries relating
thereto, the following shall be inserted, namely:“(v) current maturities of Long term borrowings shall be disclosed separately.” ;(III)

after the heading “FA. Trade Payables” and the entries relating thereto, the following
shall be inserted, namely:“FB. Trade payables due for payment
The following ageing schedule shall be given for Trade payables due for payment:Trade Payables ageing schedule(Amount in Rs.)
Particulars

Outstanding for following periods fromdue date of payment#
Less
1-2
2-3
More than 3 Total
years
than 1 years
years
year

(i)MSME(ii)Others(iii) Disputeddues – MSME(iv) Disputeddues - Others# similar information shall be given where no due date of payment is specified in thatcase disclosure shall be from the date of the transaction.
Unbilled dues shall be disclosed separately;(IV) under the heading “G. Other current liabilities”, item (a) shall be omitted;(V)

Under the heading “I. Tangible Assets”,(a) for the words “Tangible Assets”, the words “Property, Plant and Equipment”
shall be substituted;(b) for item (iii), the following shall be substituted, namely:“(iii) A reconciliation of the gross and net carrying amounts of each class ofassets 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/reversals shall be disclosed
separately.”;(VI)

Under the heading “J. Intangible assets”, for item (ii), the following shall be
substituted, namely:“(ii) A reconciliation of the gross and net carrying amounts of each class of assets atthe beginning and end of the reporting period showing additions, disposals,2acquisitions through business combinations, amount of change due to revaluation (ifchange is 10% or more in the aggregate of the net carrying value of each class ofintangible assets) and other adjustments and the related depreciation and impairment
losses or reversals shall be disclosed separately.”;(VII) Under the heading “L. Long-term loans and advances”, in item (i), sub-item (b) shallbe omitted;(VIII) Under the heading “M. Other non-current assets”,(a) after item (i), the following shall be inserted, namely:“(ia) Security Deposits”(b) after item (iii), the following shall be inserted, namely:“(iv) For trade receivables outstanding, following ageing schedule shall begiven:
Trade Receivables ageing schedule(Amount in Rs.)
Particulars

Outstanding for following periods from due date ofpayment#
Less than 6 months - 1-2
2-3
More than Total
years
6 months 1 yearyears
3 years(i) Undisputed 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, inthat case disclosure shall be from the date of the transaction.
Unbilled dues shall be disclosed separately.”;

3

(IX)

Under the heading “P. Trade Receivables”, for item (i), the following item shall be
substituted, namely:-“ (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 ofpayment#
Less than 6 months 1-2
2-3
More than Total
years
6 months -1 yearyears
3 years(i)
Undisputed
Trade receivables –considered good(ii)
Undisputed
Trade Receivables –considered doubtful(iii) Disputed Trade
Receivablesconsidered good(iv) Disputed Trade
Receivablesconsidered doubtful# similar information shall be given where no due date of payment is specified inthat case disclosure shall be from the date of the transaction.
Unbilled dues shall be disclosed separately.”;(X) After heading “V.”, following shall be inserted, namely:“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, thecompany shall disclose the details of where they have been used.”;(XI) in heading “W.”, after the words “Property, Plant and Equipment”, the words“,Intangible assets” shall be inserted;(XII) heading “X.” shall be omitted;(XIII) after heading “X.”, the following shall be inserted, namely:“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)

4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 Description Grossthe Balance sheetof item of carrying
property value

PPE
-

Land
Building-

Title deeds Whether title deed Property held
held in the holder is a promoter, since whichname of director or relative# dateofpromoter*/director
or employee ofpromoter/director-

Reason for not
being held in thename of thecompany****also indicate
if in dispute

Investment property Land
Building
PPE retired from
active use and heldfor 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.
(ii)

Where the Company has revalued its Property, Plant and Equipment, the company shalldisclose 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 underCompanies 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 Percentage to the total
in the nature of loan Loans and Advances
outstanding
in the nature of loans

Promoters
Directors
KMPs
Related Parties

5

”;
(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 ofLess than 1-2 years 2-3 years More than 3
1 yearyears

Total*

Projects in progress
Projects temporarilysuspended*Total shall tally with CWIP amount in the balance sheet.
(b) For capital-work-in progress, whose completion is overdue or has exceeded its costcompared to its original plan, following CWIP completion schedule shall be given**:(Amount in Rs.)
CWIP
Less
year

than1 1-2 years

To be completed in
2-3 years

More than 3 years

Project 1
Project 2”**Details of projects where activity 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

6

(Amount in Rs.)
Intangible assets underAmount in CWIP for a period ofdevelopment
Less than 1-2
2-3 years
More than 3
1 yearyears
years
Projects in progress

Total*

Projects temporarilysuspended* 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 costcompared to its original plan, following Intangible assets under development completion
schedule shall be given**:(Amount in Rs.)
Intangible
assets under Less than 1 year
development

1-2 years

To be completed in
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 therules 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 thetransaction 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:-7

(a) whether quarterly returns or statements of current assets filed by the Company withbanks 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 beadequately disclosed.
(viii) 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 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 wilful defaulter by any bank or financial institution (as defined under the Act) or
consortium thereof, in accordance with the guidelines on wilful 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 theCompanies Act, 2013 or section 560 of Companies Act, 1956, the Company shall disclose thefollowing details:Name of struck Nature of transactions with Balance
off Company
struck-off Company
outstanding

Relationship with
the Struck off company,
if any, to be disclosed

Investments in securities
Receivables
PayablesShares 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 ofholding of the company in such downstream companies shall be disclosed.

8

(xii)
(a)
(b)
(c)
(d)
(e)
(f)
(g)
(h)
(i)
(j)
(k)

Following Ratios to be disclosed:Current Ratio,
Debt-Equity Ratio,
Debt Service Coverage Ratio,
Return on Equity Ratio,
Inventory turnover ratio,
Trade Receivables turnover ratio,
Trade payables turnover ratio,
Net capital turnover ratio,
Net profit ratio,
Return on Capital employed,
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 morethan 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 termsof sections 230 to 237 of the Companies Act, 2013, the Company shall disclose that the effectof such Scheme of Arrangements have been accounted for in the books of account of theCompany ‘in accordance with the Scheme’ and ‘in accordance with accounting standards’ anddeviation in this regard shall be explained.
(xiv)

Utilisation of Borrowed funds and share premium:(A) Where company has advanced or loaned or invested funds (either borrowed funds or sharepremium 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 orotherwise) that the Intermediary shall(i) directly or indirectly lend or invest in other persons or entities identified in any mannerwhatsoever 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 withcomplete 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 theultimate beneficiaries.
(III) date and amount of guarantee, security or the like provided to or on behalf of the
Ultimate Beneficiaries

9(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 thetransactions are not violative of the Prevention of Money-Laundering act, 2002 (15 of2003).;(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) thatthe company shall(i) directly or indirectly lend or invest in other persons or entities identified in any mannerwhatsoever 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, thecompany 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’ orultimate 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 andthe transactions are not violative of the Prevention of Money-Laundering act, 2002 (15of 2003).;(iii) in Part II- Statement of Profit and Loss,(A) under the heading “III. Total Revenue (I +II)”, for the word “Revenue”, the word “Income”
shall be substituted;(B) under the heading “General Instructions for Preparation of Statement of Profit and Loss”,(I) in paragraph 2, in item (A), after sub-item (b), the following shall be inserted, namely:“(ba) Grants or donations received (relevant in case of section 8 companies only)”;(II)in paragraph “5. Additional information”, after item (viii) and the entries relating
thereto, the following shall be inserted, namely:-“(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 under10

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 shallbe 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 thecompany 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 acontractual obligation, the movements in the provision during the year should beshown separately.
(xi) 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 trading or investingin Crypto Currency/ virtual currency.”;11

(b) in Division II,(i) under the heading “General instructions for preparation of Financial Statements of a company
required to comply with Ind AS”, in paragraph 5, for the word “Turnover”, at both the places
where it occurs, the words “Total Income” shall be substituted;(ii) in Part I- Balance Sheet,(A) under the heading “Equity and Liabilities”, in sub-heading “Liabilities”,(I) in item “(1) Non-current liabilities”, in sub-item “(a) Financial Liabilities”, after (i),the following shall be inserted, namely:“(ia) Lease liabilities”(II) in item “(2) Current Liabilities”, in sub-item “(a) Financial Liabilities”, after (i), thefollowing shall be inserted, namely:“(ia) Lease liabilities”

12(B) for the heading “Statement of Changes in Equity” and the entries relating thereto, the following shall be substituted, namely:“STATEMENT OF CHANGES IN EQUITYName of the Company..............
A. Equity Share Capital(1) Current reporting period
Balance at the
beginning of thecurrent reporting
periodChanges in Equity
Share Capital due toprior period errors(2) Previous reporting period
Balance at the
Changes in Equity
beginning of the
Share Capital due toprevious reporting
prior period errors
periodRestated balance atthe beginning of thecurrent reporting
periodChanges in equity
share capital during
the current year

Balance at the end of
the current reporting
periodRestated balance atthe beginning of theprevious reporting
periodChanges in equity
share capital during
the previous year

Balance at the end of
the previous
reporting period

B. Other Equity(1) Current reporting period
Reserves and Surplus
Exchange
EquityMoneydifferencescomponen
Share
Debt
Equityon
Other items receive
t of
Other
Effective
applicatiodRetaine instruments Instruments
translating of Other
compoun Capital Securitie Reserve
portion of Revaluatin moneydthroughthroughtheComprehens against Totald
Reservss
Cashonpending
Earning
Other
Other
financial ive Income sharefinanciale Premium (specify
Flow
Surplus
allotmentsComprehensi Comprehensi
statements (specify warran
instrumennature)Hedgests
ve Income ve Incomeof anature)ts
foreign
operation
13

Balance
at thebeginningof thecurrent
reportingperiodChangesinaccounting policyor prior
perioderrorsRestatedbalance at thebeginning ofthecurrent
reporting
periodTotal
ComprehensiveIncomefor thecurrent
year

14

DividendsTransfertoretainedearnings
Anyotherchange(to bespecified)Balanceat the endof thecurrent
reportingperiod(2) Previous reporting period

Reserves and Surplus
Exchange
EquityMoneydifferencescomponen
Share
Debt
Equityon
Other items receive
t of
Other
Effective
applicatiodRetaine instruments Instruments
translating of Other
compoun Capital Securitie Reserve
portion of Revaluatin moneydthroughthroughtheComprehens against Totald
Reservss
Cashonpending
Earning
Other
Other
financial ive Income sharefinanciale Premium (specify
Flow
Surplus
allotmentsComprehensi Comprehensi
statements (specify warran
instrumennature)Hedgests
ve Income ve Incomeof anature)ts
foreign
operation
Balanceat the15

beginningof theprevious
reportingperiodChangesinaccountingpolicy/pri
or period
errorsRestatedbalance at thebeginning ofthepreviousreporting
periodTotal
ComprehensiveIncomefor thepreviousyear

16DividendsTransfertoretainedearnings
Anyotherchange(to bespecified)Balanceat the endof theprevious
reportingperiodNote: Remeasurment 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 ”

17(C) in the “Notes”, under the heading “General Instructions For Preparation of Balance Sheet”,(I) In paragraph 6,(a) under the heading “A. Non-Current Assets”,(i) under the sub-heading “I. Property, Plant and Equipment”, for item (iii), the following
item shall be substituted, namely:“(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 andEquipment) and other adjustments and the related depreciation and impairment losses orreversals shall be disclosed separately.”;(ii) under the sub-heading “IV. Other Intangible assets”, for item (ii), the following item
shall be substituted, namely:“(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 class of intangible assets) andother adjustments and the related amortization and impairment losses or reversals shallbe disclosed separately. “(iii) under the sub-heading “VII. Trade Receivables”, after item (iii), the following item
shall be inserted, namely:“(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 ofpayment#
Less than 6 months - 1-2
6 months 1 year
years

(i)
Undisputed
Trade receivables –considered good

18

2-3
years

More than Total
3 years

(ii)Undisputed
Trade Receivables –
which
have
significant increasein credit risk
(iii)
Undisputed
Trade Receivables –credit impaired(iv) Disputed Trade
Receivables–
considered good(v) Disputed Trade
Receivables – whichhavesignificant
increase in credit
risk(vi) Disputed Trade
Receivables – credit
impaired# similar information shall be given where no due date of payment is specified inthat case disclosure shall be from the date of the transaction.
Unbilled dues shall be disclosed separately”;(iv) Under the sub- heading “VIII. Loans”, in sub item (i), sub-item (a) shall be omitted;(v) For sub-heading “IX” and the entries relating thereto, the following shall be
substituted, namely:“IX. Other financial assets(i) Security Deposits(ii) Bank deposits with more than 12 months maturity(iii) others(to be specified)” ;(b) under the heading “B. Current Assets”,(i) in the sub-heading “III. Trade Receivables”, after item (iii) and the entries relating
thereto, the following shall be inserted, namely:“ (iv) For trade receivables outstanding, following ageing schedule shall be given:19

Trade Receivables ageing schedule(Amount in Rs.)
Particulars

Outstanding for following periods from due date ofpayment#
Less than 6 months - 1-2
2-3
More than Total
years
6 months 1 year
years 3 years(i) Undisputed Trade
receivables–considered good(ii) Undisputed Trade
Receivables – whichhavesignificant
increase in credit risk(iii) Undisputed Trade
Receivables – credit
impaired(iv) Disputed Trade
Receivables–
considered good(v) Disputed Trade
Receivables – whichhavesignificant
increase in credit risk(vi) Disputed Trade
Receivables – credit
impaired# similar information shall be given where no due date of payment is specified inthat case disclosure shall be from the date of the transaction.
Unbilled dues shall be disclosed separately”;(ii) under the sub-heading “V. Loans”, in item (i), sub-item (a) shall be omitted;(iii) after the sub-heading “V. Loans” and the entries relating thereto, the following shallbe inserted, namely:“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.”

20

(c) under the heading “D. Equity”, in sub-heading “I. Equity Share Capital”, after item (l), thefollowing item shall be inserted, namely:“(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
PromoterNo.
of %oftotal
nameShares**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 beginningof the year or if issued during the year for the first time then with respect to the date ofissue.”;(d) under the heading “E. Non-Current Liabilities”, in sub-heading “I. Borrowings”, in item (i), subitem (f) shall be omitted;(e) under the heading “F. Current Liabilities”,(i) in sub- heading “I. Borrowings”, after item (iv), the following item shall be inserted,
namely:“(v) Current maturities of Long term borrowings shall be disclosed separately”.;(ii) under the sub- heading “II. Other Financial Liabilities”, items (a) and (b) shall be omitted;(f) after the heading “FA. Trade Payables”, and the entries relating thereto, the following shall beinserted, namely:“FB. 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 dateof payment#Less than 1 1-2 years
year(i) MSME(ii) Others(iii) Disputed dues –
MSME

21

2-3
years

More than Total
3 years

(iv)Disputed dues Others# similar information shall be given where no due date of payment is specified in thatcase disclosure shall be from the date of the transaction.
Unbilled dues shall be disclosed separately”;(g) after heading “J” and the entries relating thereto, the following shall be inserted, namely:“JA. Where the company has not used the borrowings from banks and financial institutions forthe specific purpose for which it was taken at the balance sheet date, the company shall disclosethe details of where they have been used.”;(h) heading K and the entries relating thereto, shall be omitted;(i) after heading K and the entries relating thereto, the following shall be inserted, namely:“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 thelessee) whose title deeds are not held in the name of the company in following format andwhere 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 Description Grossthe Balance sheetof item of carrying
property value

Title deeds Whether title deed Property held
held in the holder is a promoter, since whichname of director or relative# dateofpromoter*/director
or employee ofpromoter/director

Reason for not
being held in thename of thecompany**

PPE

Land

-

-

Building**also indicate
if in dispute--

Investment property Land-

Building

22-

Non-current asset
held for sale

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.

(ii)

The Company shall disclose as to whether the fair value of investment property (asmeasured for disclosure purposes in the financial statements) is based on the valuation bya registered valuer as defined under rule 2 of Companies (Registered Valuers andValuation) Rules, 2017.

(iii)

Where the Company has revalued its Property, Plant and Equipment (including Right-ofUse Assets), the company shall disclose as to whether the revaluation is based on thevaluation 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 towhether the revaluation is based on the valuation by a registered valuer as defined underrule 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, directors, KMPs and the related parties (as defined underCompanies 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
Borrowerof Amount of loan or advance in the Percentage to the total
nature of loan outstanding
Loans and Advancesin the nature of loans

PromoterDirectors
KMPs
Related Parties

23

(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 ofLess than 1-2 years 2-3More than
1 yearyears
years

Total*
3

Projects in progress
Projects
temporarilysuspended*Total shall tally with CWIP amount in the balance sheet.
(b) For capital-work-in progress, whose completion is overdue or has exceeded its costcompared to its original plan, following CWIP completion schedule shall be given**:(Amount in Rs.)
CWIP
Less
year

than1 1-2 years

To be completed in
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
Amount in CWIP for a period ofunderLess than 1 year
1-2 years
2-3 years More than 3development
years
Projects
progressin24

Total*

Projects
temporarilysuspended* 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 costcompared to its original plan, the following Intangible assets under development completion
schedule shall be given**:(Amount in Rs.)
Intangible assets
underLess than 1 1-2 years
development
year

To be completed in
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) andrules 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 thetransaction 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 beadequately disclosed.

25

(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 categorized as awillful 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 theCompanies Act, 2013 or section 560 of Companies Act, 1956, the Company shall disclose thefollowing details, namely:Name of struck Nature of transactions with Balance
off Company
struck-off Company
outstanding

Relationship with
the Struck off company,
if any,to be disclosed

Investments in securities
Receivables
PayablesShares 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,

26

(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 morethan 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 termsof sections 230 to 237 of the Companies Act, 2013, the company shall disclose that the effectof such Scheme of Arrangements have been accounted for in the books of account of theCompany ‘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 orshare 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 inwriting or otherwise) that the Intermediary shall(i) directly or indirectly lend or invest in other persons or entities identified in any mannerwhatsoever 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 withcomplete 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 theultimate 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 and27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) thatthe company shall(i) directly or indirectly lend or invest in other persons or entities identified in any mannerwhatsoever 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, thecompany 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’ orultimate 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 andthe transactions are not violative of the Prevention of Money-Laundering act, 2002 (15of 2003).;(iii) in Part II- Statement of Profit and Loss, under the heading “General Instructions for Preparationof Statement of Profit and Loss”,(A) in paragraph 3, in item (b), the word “and” shall be omitted and after item (b), the following
shall be inserted, namely:“(ba) Grants or donations received (relevant in case of section 8 companies only); and”
(B) in paragraph “7. Additional Information”, after item (k) and the entries relating thereto, thefollowing items shall be inserted, namely:“(l) Undisclosed income
The Company shall give details of any transaction not recorded in the books of accounts thathas 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 shallalso state whether the previously unrecorded income and related assets have been properly
recorded in the books of account during the year.

28

(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 thecompany 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 acontractual obligation, the movements in the provision during the year shall beshown separately.
(n) details of Crypto Currency or Virtual Currency
Where the Company has traded or invested in Crypto currency or Virtual Currency during thefinancial 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.”29

(c) in Division III,(i) in Part I- Balance Sheet,(A) for the heading “Statement of Changes in Equity” and the entries relating thereto, the following shall be substituted, namely:“STATEMENT OF CHANGES IN EQUITYName of the Company..............
A. Equity Share Capital(1) Current reporting period
Balance at the
beginning of thecurrent reporting
periodChanges in Equity
Share Capital due toprior period errors

Restated balance atthe beginning of thecurrent reporting
periodChanges in equity
share capital during
the current year

Balance at the end of
the current reporting
periodRestated balance atthe beginning of theprevious reporting
periodChanges in equity
share capital during
the previous year

Balance at the end of
the previous
reporting period(2) Previous reporting period
Balance at the
beginning of theprevious reporting
periodChanges in Equity
Share Capital due toprior period errors

B. Other Equity(1) Current reporting period
Reserves and Surplus
EquityMoneycomponen
Exchange
Share
Debt
EquityOther items receive
t of
Other
Effective
differences
applicatiodRetaine instruments Instrumentsof Othercompoun Capital Securitie Reserve
portion of Revaluati
onn moneydthroughthrough
Comprehens against Totald
Reservss
Cashontranslating
pending
Earning
Other
Other
ive Income sharefinanciale Premium (specify
Flow
SurplustheallotmentsComprehensi Comprehensi(specify warran
instrumennature)Hedgesfinancial
ts
ve Income ve Income
nature)ts
statements
30

of a
foreign
operation
Balanceat thebeginningof thecurrent
reportingperiodChangesinaccountingpolicy/pri
or period
errorsRestatedbalance at thebeginning ofthecurrent
reporting
periodTotal
ComprehensiveIncomefor the31

currentyear

DividendsTransfertoretainedearnings
Anyotherchange(to bespecified)Balanceat the endof thecurrent
reportingperiod(2) Previous reporting period

Reserves and Surplus
EquityMoneycomponen
Exchange
Share
Debt
EquityOther items receive
t of
Other
Effective
differences
applicatiodRetaine instruments Instrumentsof Othercompoun Capital Securitie Reserve
portion of Revaluati
onn moneydthroughthrough
Comprehens against Totald
Reservss
Cashontranslating
pending
Earning
Other
Other
ive Income sharefinanciale Premium (specify
Flow
SurplustheallotmentsComprehensi Comprehensi(specify warran
instrumennature)Hedgesfinancial
ts
ve Income ve Income
nature)ts
statements
32

of a
foreign
operation
Balanceat thebeginningof theprevious
reportingperiodChangesinaccountingpolicy/pri
or period
errorsRestatedbalance at thebeginning ofthepreviousreporting
periodTotal
ComprehensiveIncome33

for thepreviousyear

DividendsTransfertoretainedearnings
Anyotherchange(to bespecified)Balanceat the endof theprevious
reportingperiodNote: Remeasurment 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 ”

34

(B) in the “Notes”, under the heading “General Instructions For Preparation of Balance Sheet”,(I) under the heading “(C) Receivables”, after item (iii) the following shall be inserted, namely:“(iv) For trade receivables outstanding, following ageing schedule shall be given:

Trade Receivables aging schedule

Particulars(Amount in Rs.)
Outstanding for following periods from due date ofpayment#
Less than 6 months - 1-2
6 months 1 year
years

2-3
years

More than Total
3 years(i)
Undisputed
Trade receivables –considered good(ii)
Undisputed
Trade Receivables –
which
have
significant increasein credit risk
(iii)
Undisputed
Trade Receivables –credit impaired(iv) Disputed Trade
Receivables–
considered good(v) Disputed Trade
Receivables – whichhavesignificant
increase in credit
risk(vi) Disputed Trade
Receivables – credit
impaired# similar information shall be given where no due date of payment is specified inthat case disclosure shall be from the date of the transaction.
Unbilled dues shall be disclosed separately”;

35under the heading “(H) Property, Plant and Equipment”, for item(iii), the following shallbe substituted, namely:-(II)“(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 throughbusiness combinations, amount of change due to revaluation (if change is 10% or more in theaggregate of the net carrying value of each class of Property, Plant and Equipment) and otheradjustments and the related depreciation and impairment losses or reversals shall be disclosed
separately.”;(III)

under the heading “(J) Other Intangible Assets”, for item (ii)), the following item shall be
substituted, namely:-“(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 throughbusiness combinations, amount of change due to revaluation (if change is 10% or more in theaggregate 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.”(IV)after heading (K) and the entries relating thereto, the following shall be inserted, namely:“(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 dateof payment#Less than 1 1-2 years
year

2-3
years

More than Total
3 years(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 thatcase disclosure shall be from the date of the transaction.
Unbilled dues shall be disclosed separately”;(V)under the heading “(S) Equity Share Capital”, after item (m), the following shall beinserted, namely:-

36

“(n) A company shall disclose Shareholding of Promoters* as below:
Shares held by promoters at the end of the year
S. No

% Change during theyear***

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 beginningof the year or if issued during the year for the first time then with respect to the date ofissue. ”(VI)after heading “W”, the following shall be inserted, namely:“(WA) 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, thecompany 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 following 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 Description
in the Balanceof item of
sheetproperty

PPE
-

Land
Building

Investment
property-Land
Building

Gross Title deeds Whether title deed
Property held Reason forcarrying held in the holder is promoter,
since which not being held
value
name ofdirector or relative # datein the name ofof promoter/director ortheemployee ofcompany**
promoter/director**alsoindicate if in
disputeNon-current asset Land
held for sale
Building-

37

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 registeredvaluer 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 Rightof-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 towhether 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 theCompanies 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 Percentage to the total
nature of loan outstanding
Loans and Advancesin the nature of loans

PromoterDirectors
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 ofLess than 1-2 years 2-3More than
1 yearyears
years

Projects in progress

38

Total*
3

Projects
temporarilysuspended*Total shall tally with CWIP amount in the balance sheet.
(b) For capital-work-in progress, whose completion is overdue or has exceeded its costcompared to its original plan, following CWIP completion schedule shall be given**:

CWIP
Less
year

(Amount in Rs.)
To be completed inthan1 1-2 years
2-3 years

More
years

than

3

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
Amount in CWIP for a period ofunderLess than 1 year
1-2 years
2-3 years More than 3development
years
Projects
progress

Total*

in

Projects
temporarilysuspended* 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 costcompared to its original plan, following Intangible assets under development completion
schedule shall be given**:39

(Amount in Rs.)
Intangible
To be completed in
assets under Less than 1 1-2 years
2-3 years
development year

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)
(b)
(c)
(d)
(e)
(f)
(g)

Details of such property,
Amount thereof,
Details of Beneficiaries,
If property is in the books, then reference to the item in the Balance Sheet,
If property is not in the books, then the fact shall be stated with reasons,
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.
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 withbanks 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 beadequately disclosed.

(x)

Wilful Defaulter*
Where a company is a declared wilful defaulter by any bank or financial Institution orother 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 wilful 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.

40

(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 shalldisclose the following details, namely:Name of Nature of transactions Balancestruck off with struck-off Company outstanding
Company
Investments in securities
Receivables
PayablesShares held by stuck off
company
Other
outstandingbalances (to be specified)Relationship with
the Struck off company, if any,
to be disclosed(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 Companies (Restriction on number of Layers) Rules, 2017,
the name and CIN of the companies beyond the specified layers and the relationship/extent ofholding of the company in such downstream companies shall be disclosed.
(xiv) Following Ratios shall be disclosed.
(a) Capital to risk-weighted assets ratio (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 approved by the Competent Authority in termsof sections 230 to 237 of the Companies Act, 2013, the Company shall disclose that the effectof such Scheme of Arrangements have been accounted for in the books of account of theCompany ‘in accordance with the Scheme’ and ‘in accordance with accounting 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 sharepremium or any other sources or kind of funds) to any other person(s) or entity(ies), including

41

foreign entities (Intermediaries) with the understanding (whether recorded in writing orotherwise) that the Intermediary shall(i) directly or indirectly lend or invest in other persons or entities identified in any mannerwhatsoever 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 withcomplete 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 theultimate 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 andthe 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) thatthe company shall(i) directly or indirectly lend or invest in other persons or entities identified in any mannerwhatsoever 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, thecompany 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’ orultimate 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 andthe transactions are not violative of the Prevention of Money-Laundering act, 2002 (15of 2003).;42

(ii) in Part II- Statement of Profit and Loss, under the heading “General Instructions for Preparationof Statement of Profit and Loss”, in paragraph “11. Additional Information”, after item “iv.”, and theentries relating thereto, the following items shall be inserted, namely:“v. undisclosed income
The Company shall give details of any transactions not recorded in the books of accounts thathas 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 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 thecompany 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 acontractual obligation, the movements in the provision during the year shall beshown separately.
vii. details of Crypto Currency or Virtual Currency
Where the Company has traded or invested in Crypto currency or Virtual Currency during thefinancial 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 trading or investing in Crypto
Currency or virtual currency.”43