1 ["4A. Forms and Items Contanied 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.''.]


1. Inserted by Notification dated 4th September, 2015.