Section 3, Subsection (ii)]
September, 2015 S.0.—-(E).
– In exercise of the powers conferred by the sub-section (6) of section 129 of the Companies Act, 2013 (18 of 2013), the Central
Government hereby, in public interest, directs that paras 5 (ii) (a) (1), 5
(ii) (a) (2), 5(ii) (e), 5 (iii), 5 (viii) (a),
5 (viii) (b), 5 (viii) (c) and 5 (viii) (e) relating to Additional Information
of the General Instructions for preparation
of Statement of Profit and Loss in Schedule III of the
Companies Act, 2013 shall not apply to government companies producing Defence Equipment including the Space
Research subject to fulfillment of following conditions, namely:-
5(ii)(a)(2), 5(ii)(e), 5(iii), 5(viii)(a), 5(viii)(b),
5(viii)(c) and 5(viii)(e), as may be applicable;
account, the fact of grant of exemption under this notification;
company shall comply with the prescribed Accounting Standards;
The company shall ensure
that its financial statements represent a true and fair state of affairs of its
Bank of India or any other regulator.
respect of financial statement prepared
in respect of the financial years ending on or after the 31st March, 2016.