Tea Companies Exempt from Some Reporting Requirements Under Companies Act; Must Disclose Green Leaf Tea Details

The Central Government, under the Companies Act, 1956, exempts companies involved in tea cultivation or processing from disclosing certain information in their profit and loss accounts as per Schedule VI. These companies must still report the quantity and details, excluding value, of green leaf tea produced, processed, and held in stock. Additionally, if green leaf tea is purchased externally, the companies must disclose its value along with quantity details. This exemption is valid for three years from the notification's publication date.

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