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    <description>Ind AS applicability follows a phased regime based on listing status and net worth thresholds, with the initial phase applying to listed companies and other companies above a specified net worth measured as of the financial year end preceding that phase, and a second phase extending coverage to remaining listed companies and companies within a lower net worth band; practitioner queries seek confirmation of the framework, the net worth determination date for the second phase, and the treatment of listed companies within the intermediate band.</description>
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