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MCA exempts companies engaged in defence production from segment reporting

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRA-ORDINARY, PART II, SECTION 3, SUB-SECTION (ii)]

GOVERNMENT OF INDIA
MINISTRY OF CORPORATE AFFAIRS
NOTIFICATION

New Delhi, the 23 February, 2018

S.O.___(E). – In exercise of the powers conferred by clauses (a) and (b) of sub-section (1) and sub-section (2) of section 462 of the Companies Act, 2013 (18 of 2013) the Central Government, in the interest of public, hereby amends the notification of the Government of India in the Ministry of Corporate Affairs number G.S.R. 463(E) dated the 5th June, 2015 published in the Gazette of India, Extraordinary, Part-II, Section 3, Sub­section (i), dated the 5th June 2015 , namely:-

2. In the said notification, in the Table, for serial number 8 and entries relating thereto, the following serial number and entries shall be respectively substituted, namely:-

(1) (2) (3)
“8. Chapter  IX,  section 129. Shall not apply to the companies engaged in defence production to the extent of application of relevant Accounting Standard on segment reporting”.

[F. No. 1/2/2014-CL-V]

(K.V.R. Murty)

Joint Secretary to the Government of India

Note:- The Principal Notification was published in the Gazette of India, Extra-ordinary, Part-II, Section- 3, Sub-Section (i) vide G.S.R 463 (E) dated the 5th June, 2015 and was subsequently amended vide notification number G.S.R 582 (E) dated 13th June, 2017.

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