General Circular No. 04/2016
Government of India
Ministry of Corporate Affairs
5th Floor, A Wing, Shastri Bhavan,
Dr R.P. Road, New Delhi
Dated: 27th April, 2016
All Regional Directors,
All Registrars of Companies,
Subject: Clarification with regard to Companies (Accounting Standards) Amendment Rules 2016
Stakeholders have sought clarifications with regard to the accountlng period for which the accounts would need to be prepared using the Accounting Standards, as amended through the Companies (Accounting Standards) Amendment Rules, 2016. The matter has been examined in the Ministry and it is hereby clarifled that the amended Accounting Standards should be used for preparation of accounts for accounting periods commencing on or after the date of notification.
This issues with the approval of the competent authority.
1. e-Governance Section and web contents Officer to place this circular on the Ministry Website
2. Guard File
Please refer to the below Notification related to Amendment Rules: