https://www.taxtmi.com/notifications?id=118946 The amendment expands Ind AS applicability by defining NBFCs and imposing a phased adoption timetable for NBFCs and their group entities based on net worth and listing status, prescribes net worth calculation from specified audited stand alone statements, and provides consolidation guidance where group entities apply different accounting frameworks. It requires banking and insurance groups to follow regulator notified Ind AS variants and inserts comprehensive transitional, measurement and disclosure amendments across multiple Ind ASs including Ind AS 101, 109, 110, 11 and 18. en-us Wed, 30 Mar 2016 00:00:00 +0530 Tue, 19 Apr 2016 10:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=118946 The amendment expands Ind AS applicability by defining NBFCs and imposing a phased adoption timetable for NBFCs and their group entities based on net worth and listing status, prescribes net worth calculation from specified audited stand alone statements, and provides consolidation guidance where group entities apply different accounting frameworks. It requires banking and insurance groups to follow regulator notified Ind AS variants and inserts comprehensive transitional, measurement and disclosure amendments across multiple Ind ASs including Ind AS 101, 109, 110, 11 and 18. Notifications Companies Law Wed, 30 Mar 2016 00:00:00 +0530 https://www.taxtmi.com/notifications?id=118946