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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Companies Must Comply with Updated Accounting Standards Per Companies (Accounting Standard) Rules, 2006; 'General Purpose' Term Omitted</h1> Every company and its auditors are required to comply with the Accounting Standards as outlined in the specified annexure of the Companies (Accounting Standard) Rules, 2006. These standards must be applied when preparing financial statements. An amendment made on March 30, 2016, omitted the term 'General Purpose' from the description of financial statements to which these standards apply.
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