IND AS Applicability IND AS ROADMAP 1. For Companies other than banks, NBFC, and Insurance companies: PHASE-1: 1 st April,2015 or thereafter - Voluntary Basis for all companies (with comparatives) : 1 st April,2016 - Mandatory Basis a. Companies listed/in process of listing on Stock Exchange in India or outside India having net worth greater than or equal to INR 5 Billion. b. Unlisted companies having net worth greater than or equal to INR 5 Billion. c. Parent, Subsidiary, Associate and Joint Venture of above PHASE-II: 1 st April,2017 - Mandatory Basis a. All Companies which are listed/or in process of listing inside or outside India on Stock Exchanges not covered in Phase-1(other t...
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