The ICAI has made Announcement dt. 25 Apr. 2017 regarding withdrawal of Frequently Asked Questions (FAQs) on the Revised Schedule VI to the Companies Act, 1956, as issued by the Corporate Laws & Corporate Governance Committee in May, 2012.
In view of issuance of Schedule III to the Companies Act, 2013, which is to be followed by the companies from 1 April 2014, the applicability of Revised Schedule VI to the Companies Act 1956 is for the preparation of Financial Statements prior to that period. Therefore it has been decided by the ICAI to withdraw the same.