This document outlines the compliance requirements for Schedule VI - Part I of the Companies Act for preparing financial statements. It states that previous year figures for each item must be provided. Details of redemption or conversion terms for redeemable preference shares/debentures along with earliest redemption dates must be included. Reserves and surplus must be shown in the specified sequence. Details of share premium utilization and asset revaluation reserves must be disclosed in the balance sheet. Outstanding sums owed to small scale industries for over 30 days must be named. Interest accumulated on loans must be classified under secured or unsecured loans. Loans from directors must be separately shown, and security details provided for secured loans. Fixed assets must be presented as specified in Schedule VI. Details of