RBI defers the implementation of Indian Accounting Standards

Mar 25, 2019 | by Avantis RegTech Legal Research Team


The Reserve Bank of India (RBI) on March 22, 2019, with reference to the Statement on Development and Regulatory Policies, wherein the implementation of Indian Accounting Standards (Ind AS) was deferred by one year pending necessary legislative amendments to the Banking Regulation Act, 1949, it has been further decided to defer the implementation of Ind AS till further notice.

[Notification No. RBI/2018-2019/146]

Click here to download the Notification.


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