https://www.taxtmi.com/news?id=15658 The draft Companies (Accounting Standards) Rules, 2016 propose superseding specified 2006 Accounting Standards, require companies (except those subject to Indian Accounting Standards) and their auditors to apply the Accounting Standards to General Purpose Financial Statements, define Small and Medium Sized Company (SMC) eligibility and transitional conditions for SMC reliefs, and include an Annexure restating operative provisions and disclosures of key Standards including AS 2, AS 4, AS 10, AS 13, AS 14, AS 21 and AS 29. en-us Wed, 17 Feb 2016 18:47:03 +0530 Wed, 11 Feb 2026 15:56:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=15658 The draft Companies (Accounting Standards) Rules, 2016 propose superseding specified 2006 Accounting Standards, require companies (except those subject to Indian Accounting Standards) and their auditors to apply the Accounting Standards to General Purpose Financial Statements, define Small and Medium Sized Company (SMC) eligibility and transitional conditions for SMC reliefs, and include an Annexure restating operative provisions and disclosures of key Standards including AS 2, AS 4, AS 10, AS 13, AS 14, AS 21 and AS 29. News - Wed, 17 Feb 2016 18:47:03 +0530 https://www.taxtmi.com/news?id=15658