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<h1>Rule 4 Defines Which Companies Must Follow Indian Accounting Standards (Ind AS) or 2006 Standards Separately.</h1> The Companies (Indian Accounting Standards) Rules, 2015, specify that Indian Accounting Standards (Ind AS) apply to certain classes of companies as outlined in rule 4. Companies not covered by rule 4 must adhere to the Accounting Standards specified in the Companies (Accounting Standards) Rules, 2006. Companies must exclusively follow the applicable standards as per their classification, either Ind AS or the 2006 standards, ensuring no overlap or mixing of the two sets of standards.