Companies (Indian Accounting Standards) Amendment Rules, 2018

Apr 02, 2018 | by Avantis RegTech Legal Research Team

The Central Government, on March 28, 2018 and in consultation with the National Advisory Committee on Accounting Standards, has made the Companies (Indian Accounting Standards) Amendment Rules, 2018 to further amend the Companies (Indian Accounting Standards) Rules, 2015. These rules shall come into force from April 1, 2018.

In the Companies (Indian Accounting Standards) Rules, 2015, in the “Annexure”, under the heading “B. Indian Accounting Standards (Ind AS)” the following Ind AS have been amended:

·         Ind AS 1

·         Ind AS 2

·         Ind AS 8

·         Ind AS 12

·         Ind AS 16

·         Ind AS 17

·         Ind AS 21

·         Ind AS 23

·         Ind AS 28

·         Ind AS 32

·         Ind AS 34

·         Ind AS 36

·         Ind AS 37

·         Ind AS 38

·         Ind AS 40

·         Ind AS 101

·         Ind AS 103

·         Ind AS 104

·         Ind AS 107

·         Ind AS 109

·         Ind AS 112

A new Ind AS 115, Revenue from Contracts with Customers has been inserted and Ind AS 11 and Ind AS 18 have been omitted.

[F. No. 01/01/2009-CL-V (Part VI)]

URL: http://www.mca.gov.in/Ministry/pdf/INDAsEngRule2018_29032018.pdf


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