Companies (Accounting Standards) Rules, 2006

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.... sub-section (1) of section 642 of the Companies Act, 1956 (1 of 1956), read with sub-section (3C) of section 211 and sub-section (1) of section 210A of the said Act, the Central Government, in consultation with National Advisory Committee on Accounting Standards, hereby makes the following rules, namely :- Short title and commencement. 1. (1) These rules may be called the Companies (Account....

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....on 3 of the Companies Act, 1956;      (f) "Small and Medium Sized Company" (SMC) means, a company-           (i) whose equity or debt securities are not listed or are not in the process of listing on any stock exchange, whether in India or outside India;           (ii) which is no....

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.... of the relevant accounting period. (2) Words and expressions used herein and not defined in these rules but defined in the Act shall have the same meaning respectively assigned to them in the Act. Accounting Standards. 3. (1) The Central Government hereby prescribes Accounting Standards 1 to 7 and 9 to 29 as recommended by the Institute of Chartered Accountants of India, which are specif....