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Question ID : 40386

Schedule III - Division FY 2018-19

Whether a private limited company which is preparing its balance sheet as per Division I of Schedule III is required to disclose the details wrt MSME on the face of balance Sheet or not..?? Kindly treat this query as urgent.

Posted by CA Neha Gupta on Sep 11, 2019

Filed Under Companies Act, 2013

Answer ID : 80171

No need, since mandatory for Division II and III only.

Posted by B.CHACKRAPANI WARRIER on Sep 14, 2019
Answer ID : 80172

Yes, companies following Division I of Schedule III are also required to disclosed MSME and Non MSME on face of the balance sheet. Kindly refer updated guidance note schedule III by ICAI.

Posted by Arman Khan on Sep 14, 2019