Preparation of balance sheet for computing gross assets

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..... le VI to the Companies Act, 1956. (2) The company shall, for the purposes of preparing the balance sheet referred to in sub-section (1), adopt the same accounting policies, the accounting standards adopted for preparing its accounts including profit and loss account and the method and rates adopted for calculating the depreciation as have been adopted for the purpose of preparing the accounts- .....

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..... ection does not apply, shall also prepare its balance sheet and profit and loss account as if the foregoing provisions of this section apply. (5) The Board may prescribe such rules, as may be necessary, to modify the provisions of sub-sections (1) to (3) for the purposes of enabling the preparation of the balance sheet and profit and loss account under sub-section (4). - - statute, statutor .....

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