image

Clarification with regard to companies (Accounting Standards) Amendment Rules, 2016

General Circular No. 04/2016

F. No.01/01/2009-CL-V
Government of India
Ministry of Corporate Affairs

5th Floor, A Wing, Shastri Bhavan,
Dr R.P. Road, New Delhi
Dated: 27th April, 2016

To

All Regional Directors,
All Registrars of Companies,
All Stakeholders.

Subject: Clarification with regard to Companies (Accounting Standards) Amendment Rules 2016

Sir,

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.

Yours faithfully

(Sudhir Kapoor)
Deputy Director

 

Copy to:-

1.  e-Governance Section and web contents Officer to place this circular on the Ministry Website

2. Guard File

CLR Note:

Please refer to the below Notification related to Amendment Rules:

Companies (Accounting Standards) Amendment Rules, 2016

Companies (Indian Accounting Standards) Amendment Rules, 2016

profile image

About eMinds Legal

eMinds Legal

eMinds Legal is a Corporate Law Firm based in Gurgaon, India specializing in Corporate Legal, Corporate Secretarial and Compliance. The Firm comprises of a team of Corporate Lawyers and Company Secretaries with in-depth subject matter knowledge and participative industry experience of over 15 years.

Corporate Law Referencer

Recent Articles

Recent Legal updates

Recent Gst Updates