Exemption from segment reporting: companies engaged in defence production excluded from section 129 obligations to that extent. The Central Government amends the prior notification to provide that Section 129 (Chapter IX) shall not apply to companies engaged in defence production to the extent of application of the relevant Accounting Standard on segment reporting, thereby excluding those companies from segment reporting obligations under that chapter while leaving other statutory reporting duties intact.
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Provisions expressly mentioned in the judgment/order text.
Exemption from segment reporting: companies engaged in defence production excluded from section 129 obligations to that extent.
The Central Government amends the prior notification to provide that Section 129 (Chapter IX) shall not apply to companies engaged in defence production to the extent of application of the relevant Accounting Standard on segment reporting, thereby excluding those companies from segment reporting obligations under that chapter while leaving other statutory reporting duties intact.
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