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MCA introduces new form for filing of consolidated financial statements

September 8, 2015
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COMPANIES (ACCOUNTS) SECOND AMENDMENT RULES, 2015 - AMENDMENT IN RULES 2, 8 & 12; SUBSTITUTION OF FORM AOC-4 AND INSERTION OF RULE 4A

NOTIFICATION [F.NO.1/19/2013-CL-V-PART], DATED 4-9-2015

In exercise of the powers conferred under sub-sections (1) and (3) of section 128, sub-section (3) of section 129, section 133, section 134, sub-section (4) of section 135, sub-section (1) of section 136, section 137 and section 138 read with section 469 of the Companies Act, 2013, the Central Government hereby makes the following rules further to amend the Companies (Accounts) Rules, 2014, namely:—

1. (1) These rules may be called the Companies (Accounts) Second Amendment Rules, 2015.

(2) They shall come into force from the date of their publication in the Official Gazette.

2. In the Companies (Accounts) Rules, 2014,

(i)  in rule 2, in sub-rule (1), after clause (d), following shall be inserted, namely:—
  "(da) "Indian Accounting Standards" means the Indian Accounting Standards referred to in rule 3 and Annexure to the Companies (Indian Accounting Standards) Rules, 2015;"
(ii)  after rule 4 the following rule shall be inserted, namely:—
  "4A. Forms and items contained in financial statements.—The financial statements shall be in the form specified in Schedule III to the Act and comply with Accounting Standards or Indian Accounting Standards as applicable:
  Provided that the items contained in the financial statements shall be prepared in accordance with the definitions and other requirements specified in the Accounting Standards or the Indian Accounting Standards, as the case may be.".
(iii)  in rule 8, in sub-rule (3), the following proviso shall be inserted at the end, namely:—
  "Provided that the requirement of furnishing information and details under this sub-rule shall not apply to a Government company engaged in producing defence equipment".
(iv)  in rule 12, for sub-rule (1) the following sub-rule shall be substituted, namely:—
  "(1) Every company shall file the financial statements with Registrar together with Form AOC-4 and the consolidated financial statement, if any, with Form AOC-4 CFS.".
(v)  In Annexure, for Form AOC-4, the following Form AOC-4 and AOC-4 CFS shall be substituted, namely:—

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