National Advisory Committee on Accounting Standards constituted to advise the Central Government on company accounting policies and standards. A statutory advisory committee is constituted to advise the Central Government on formulation and laying down of accounting policies and accounting standards for adoption by companies or classes of companies, with composition set out by specific appointments and nominations from professional, regulatory and industry stakeholders and effectiveness from publication in the Official Gazette.
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Provisions expressly mentioned in the judgment/order text.
National Advisory Committee on Accounting Standards constituted to advise the Central Government on company accounting policies and standards.
A statutory advisory committee is constituted to advise the Central Government on formulation and laying down of accounting policies and accounting standards for adoption by companies or classes of companies, with composition set out by specific appointments and nominations from professional, regulatory and industry stakeholders and effectiveness from publication in the Official Gazette.
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