The Ministry of Corporate Affairs (“MCA”) has issued an amendment to the Companies (Accounts) Rules, 2014 (“Principal Rule”).
The Companies (Accounts) Amendment Rules, 2018 (“Amendment Rule”), inserts a new proviso under Rule 10 of the Principal Rule, which deals with the provision of “Statement containing salient features of financial statements”.
The new proviso under the Amendment Rule states that “Companies which are required to comply with the Companies (Indian Accounting Standards) Rules, 2015 shall forward their statement in Form AOC-3A.” The format of Form AOC-3A has been provided in the Amendment Rule.
This amendment is yet to be published in the Official Gazette.
Source: Ministry of Corporate Affairs
