he Division I to the Schedule III of the Companies Act, 2013 lays down the format for preparation of the financial statements by the Companies that are required to comply with Companies (Accounting Standards), Rules, 2006, and has been amended by the Ministry of Corporate Affairs vide notification dated 11th October, 2018. The changes are in reference to fixed assets and securities premium reserve.
The first edition of the Guidance Note on Division I – Non Ind AS Schedule III to the Companies Act 2013 was brought out by the Institute of Chartered Accountants of India (ICAI) in the year 2016 immediately after the introduction of format of Schedule III to the Companies Act 2013 to guide the members in discharging their responsibility more efficiently and effectively.
However, recent amendments have necessitated the revisions in the Guidance Note.

Download GUIDANCE NOTE ON DIVISION II – IND AS SCHEDULE III TO THE COMPANIES ACT, 2013 July 2019 Edition by ICAI

The Board’s Report is an important means of communication by the Board of Directors of a company with its stakeholders. The Board’s Report provides the stakeholders with both financial and non-financial information, including the performance and prospects of the company, relevant changes in the management and capital structure, recommendations as to the distribution of profits, future and on-going programmes of expansion, modernisation and diversification, capitalisation of reserves, further issue of capital and other relevant information.

The Companies Act 2013, mandates certain disclosures to be made in the Board’s Report, additionally, a listed company is required to comply with disclosures requirement stated under the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

To promote uniformity of disclosures in the Board’s Report, the “Secretarial Standard on Report of the Board of Directors” (SS-4), was issued by the Institute of Company Secretaries of India (ICSI), effective from 1^st October, 2018 for recommendatory observance.

This Guidance Note on Report of the Board of Directors issued by the ICSI, sets out the explanations, procedures and practical aspects in respect of the provisions contained in SS-4 to facilitate compliance thereof by the stakeholders.

Download ICSI Guidance Note on Report of Board of Directors (Direct Link) Click here

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Related Party Transactions, Download ICSI guidance Note on Related Party Transactions, What is Related Party Transactions,

Download Guidance Note on Audit of Banks 2019 edition Section B – Click here

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Institute of Chartered Accountants of India has issued Guidance Note on Audit of Banks (2018 Edition) by ICAI Released : Download