Accounting standards applicability: amended standards govern preparation of accounts for periods commencing on or after notification. Amended Accounting Standards under the Companies (Accounting Standards) Amendment Rules, 2016 must be applied in preparation of company accounts for accounting periods that commence on or after the date of notification, thereby fixing the temporal applicability of the amendments and providing regulatory guidance for implementation and compliance.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Accounting standards applicability: amended standards govern preparation of accounts for periods commencing on or after notification.
Amended Accounting Standards under the Companies (Accounting Standards) Amendment Rules, 2016 must be applied in preparation of company accounts for accounting periods that commence on or after the date of notification, thereby fixing the temporal applicability of the amendments and providing regulatory guidance for implementation and compliance.
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