Companies Accounting Standards Amendment Rules 2016

MCA has issued a clarification vide its circular no. 4/2016 dated 27th April, 2016 that the Accounting Standards which were amended vide the Companies (Accounting Standards) Amendment Rules, 2016 will come into effect from the date of notification of the said Amendment Rules i.e. 30th March, 2016 and therefore for all financial year commencing on or after the date of notification, the revised Accounting Standards will have to be used by the companies.


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