General Circular No. 04/2016
F. No.01/01/2009-CL-V
Government of India
Ministry of Corporate Affairs
5th Floor, A Wing, Shastri Bhavan,
Dr R.P. Road, New Delhi
Dated: 27th April, 2016
To
All Regional Directors,
All Registrars of Companies,
All Stakeholders.
Subject: Clarification with regard to Companies (Accounting Standards) Amendment Rules 2016
Sir,
Stakeholders have sought clarifications with regard to the accountlng period for which the accounts would need to be prepared using the Accounting Standards, as amended tirough the Companies (Accounting Standards) Amendment Rules, 2016. The matter has been examined in the Ministry and it is hereby clarifled that the amended Accounting Standards should be used for preparation of accounts for accounting periods commencing on or after the date of notification.
This issues with the approval of the competent authority.
Yours faithfully,
(Sudhir Kapoor)
Deputy Director
----------- Similar Posts: -----------
Addition u/s 68 for jewellery purportedly received on death of grandparent under Will upheld. In a recent judgment, ITAT upheld…
Supreme Court lays down tests to determine whether a debt is a financial debt or an operational debt under IBC…
Merely because directors of two companies were common not mean that deposits received was bogus and companies were shell companies…
Application though named as rectification but if tax imposed is not legitimate then it also touches upon the merit –…
Cost of acquisition as on 01.04.1981 taken as per valuer report by reverse indexing of current FMV to be further…
ITAT directed AO to serve notice of hearing both through electronic and physical mode upon the assessee In a recent…