For all the issuer companies whose offer documents are filed with SEBI on or after 1st April 2016, SEBI has issued a clarification on the applicability of the Indian Accounting Standards (IND AS) and disclosures to be made in the offer documents. Typically, SEBI requires issuer companies to disclose financial … See more MCA has notified a phase-wise convergence to IND AS from current accounting standards. IND AS shall be adopted by specific classes of companies based on … See more Net worth will be determined based on the stand-alone accounts of the company as on 31st March 2014, or the first audited period ending after that date. Net Worth … See more Companies can voluntarily choose to incorporate IND AS in their reports for accounting periods beginning on or after April 01, 2015. While reporting, such … See more WebNBFCs are not permitted to voluntarily adopt Ind AS earlier than the aforementioned timelines. The definition of “net worth”, to be considered for the applicability thresholds, is as per the Companies Act, 2013. Further, for the purpose of the above thresholds, net worth shall be calculated in accordance with the standalone financial
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WebJan 2, 2015 · With IFRS set to become the future Indian GAAP and IFRS being a moving target, Indian companies should actively monitor and participate in the IASB’s standard setting process. For more details, contact: Mumbai: +91 22 6669 1264. Gurgaon: +91 124 462 0116. Email: [email protected]. Web1 hour ago · Experts suggest a threshold of ₹50,000 per importer per annum to be defined for clarity and effective implementation of the policy. India’s updated Foreign Trade Policy (FTP) now allows gifts ... can baby oil remove lash extensions
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WebFeb 23, 2015 · Indian Accounting Standards (Ind As)As we all know that as per Notification of Ministry of Corporate Affairs on 16th February2015 Ind As has came into force. They shall come into force on the 1st day of April, 2015. ... 2014 or an existing company falling under any of thresholds specified for the first time after 31st March, ... WebThe purpose of this Appendix is only to bring out the major differences, if any, between Indian Accounting Standard (Ind AS) 34 and the corresponding International Accounting … WebFor the applicability of IND AS, an NBFC is that which is defined under section 45-I-f of the Reserve Bank of India Act, 1934. NOTE: A company can voluntarily follow the IND AS. can baby oil help razor bumps