Companies Must Report Construction Expenditure and Income to Shareholders Per Section 210 for Transparency and Compliance.

Every company must provide shareholders with an account of expenditure and income incurred during construction, as mandated by section 210. Although business operations typically begin post-construction, companies are required to prepare a "profit and loss account" from incorporation. These accounts, which may be labeled as "Development account" or "Expenditure during construction account," should detail revenue expenditure and income as per Part II of Schedule VI. This ensures transparency and compliance with legal requirements, allowing shareholders to have a clear understanding of financial activities during the construction phase.

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