What informations are included in the note related to non-current investment as per schedule VI of Companies Act, 2013.

CS Executive · Company Accounts & Auditing Practices · PYQS · December 2017
What informations are included in the note related to non-current investment as per schedule VI of Companies Act, 2013.

Answer & Explanation:

As per Schedule VI of the Companies Act, 2013 , the following information is included in the note related to non-current investments: Non-current investments shall be classified as trade investments and other investments and further classified as: Investment property; Investments in Equity Instruments; Investments in Preference shares; Investments in Government or trust securities; Investments in units, debentures or bonds; Investments in Mutual Funds; Investments in partnership firm; Other non-current investments (specify nature). Under each classification, details shall be given of names of the bodies corporate (indicating separately whether such bodies are (i) subsidiaries, (ii) associates, (iii) joint ventures, or (iv) controlled special purpose entities) in whom investments have been made and the nature and extent of the investment so made in each such body corporate (showing separately investments which are partly paid). In regard to investments in the capital of partnership firms, the names of the firms (with the names of all their partners, total capital, and the shares of each partner) shall be given. Investments carried at other than at cost should be separately stated specifying the basis for valuation thereof. The following shall also be disclosed: Aggregate amount of quoted investments and market value thereof; Aggregate amount of unquoted investments; Aggregate provision for diminution in value of investments; Aggregate amount of partly paid-up investments; The names of bodies corporate (indicating separately the names of subsidiaries, associates, and other business ventures) in whose securities, investments have been made and the nature and extent of the investments so made in each such body corporate.

Topics: Financial Statements

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