Companies (Accounting Standards) Rules, 2021 - F. No. 17/151/2013-CL-V(Pt.) - Companies Law

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Companies (Accounting Standards) Rules require companies to apply specified Accounting Standards and outline SMC exemptions and disclosure obligations. Notification prescribes the Companies (Accounting Standards) Rules, 2021, specifying Accounting Standards 1-5, 7 and 9-29 for companies not subject to Ind AS, effective for periods commencing on or after 1 April 2021. Every company (except those to which Ind AS apply) and its auditors must comply with these Accounting Standards in preparing financial statements. The rules define a Small and Medium Sized Company (SMC), permit limited exemptions or relaxations for SMCs subject to disclosure, and require a two period SMC continuity test before new SMC reliefs apply.

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Companies (Accounting Standards) Rules require companies to apply specified Accounting Standards and outline SMC exemptions and disclosure obligations.

Notification prescribes the Companies (Accounting Standards) Rules, 2021, specifying Accounting Standards 1-5, 7 and 9-29 for companies not subject to Ind AS, effective for periods commencing on or after 1 April 2021. Every company (except those to which Ind AS apply) and its auditors must comply with these Accounting Standards in preparing financial statements. The rules define a Small and Medium Sized Company (SMC), permit limited exemptions or relaxations for SMCs subject to disclosure, and require a two period SMC continuity test before new SMC reliefs apply.

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Companies (Accounting Standards) Rules, 2021 - F. No. 17/151/2013-CL-V(Pt.) - Companies Law

Companies (Accounting Standards) Rules require companies to apply specified Accounting Standards and outline SMC exemptions and disclosure obligations.

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Companies (Accounting Standards) Rules require companies to apply specified Accounting Standards and outline SMC exemptions and disclosure obligations.

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