G.S.R. 207(E).—In exercise of the powers conferred by sub-section (1) of section 467 of the Companies Act, 2013 (18 of 2013), the Central Government hereby makes the following further amendments in Schedule III to the said Act with effect from 1st day of April, 2021, namely:-
In the said Schedule,-
(a) in Division I,-
(i) under the heading ―General instructions for preparation of Balance Sheet and statement of Profit and Loss of
a company, under sub-heading ―General instructions, in paragraph 4, in clause (i), for the word ―may the word
―shall and for the word ―Turnover, at both the places where it occurs, the words ―Total Income shall be substituted;
(ii) in Part I- Balance Sheet,-
(A) under the heading ―II Assets, under sub-heading ―Non-current assets, after the words ―Property, Plant and
Equipment‖, the words ―and Intangible assets shall be inserted and for the words ―Tangible Assets, the words
―Property, Plant and Equipment shall be substituted;
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