Regulatory Update: MCA – Companies (Accounts) Amendment Rules, 2018

MCA vide its notification dated 27 February 2018 has amended the Companies (Accounts) Rules 2014 and notified the Companies (Accounts) Amendments Rules 2018.

The Companies (Accounts) Amendment Rules, 2018 (“Amendment Rule”), inserts a new proviso under Rule 10 of the Companies (Accounts) Rules 2014 which deals with the provision of “Statement containing salient features of financial statements” which states that “The companies which are required to comply with companies (Indian Accounting Standards) Rules, 2015 shall forward their statement in form AOC-3A.”

The amendment also inserts a new form i.e. form AOC 3A (Statement containing salient features of the financial statements pursuant to section 136 of the Companies Act 2013 and proviso to rule 10 of the Companies (Accounts) Rules 2014.