Indian Accounting Standards definition

Indian Accounting Standards means the Indian accounting standards issued by the Institute of Chartered Accountants of India.
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Indian Accounting Standards or “Ind AS” shall mean Indian Accounting Standards (Ind AS) notified under the Companies (Indian Accounting Standards) Rules, 2015 and the Companies (Indian Accounting Standards) Amendment Rules, 2016;
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Indian Accounting Standards or ‘Ind AS’ means the applicable accounting principles as prescribed under the Companies (Indian Accounting Standards) Rules, 2015 and shall include any statutory modifications, re-enactments or amendments thereof;
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Examples of Indian Accounting Standards in a sentence

  • The Ind AS are prescribed under Section 133 of the Act read with Rule 3 of the Companies (Indian Accounting Standards) Rules, 2015 and Companies (Indian Accounting Standards) Amendment Rules, 2016.

  • The financial statements have been prepared in accordance with Indian Accounting Standards (Ind ASs) notified under the Companies (Indian Accounting Standards) Rules, 2015.

  • Ministry of Corporate Affairs (“MCA”) notifies new standard or amendments to the existing standards under Companies (Indian Accounting Standards) Rules as issued from time to time.

  • The Ministry of Corporate Affairs by a press release dated February 25, 2011 has notified that 32 Indian Accounting Standards are to be converged with IFRS.

  • The financial statements have been prepared in accordance with Ind ASs notified under the Companies (Indian Accounting Standards) Rules, 2015.Upto the year ended 31 March, 2016, the Company prepared its financial statements in accordance with the requirements of Indian GAAP, which includes Standards notified under the Companies (Accounting Standards) Rules, 2006.


More Definitions of Indian Accounting Standards

Indian Accounting Standards means Indian Accounting Standards as referred to in Companies (Indian Accounting Standards) Rules, 2015.
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Indian Accounting Standards means the Indian Accounting Standards as notified under the Companies (Indian Accounting Standards) Rules 2015, and as amended from time to time;
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Indian Accounting Standards means the Indian Accounting Standards as prescribed under the Companies (Accounting Standards) Rules, 2021;
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Indian Accounting Standards or “IND AS” means Indian Accounting Standards notified under the Act , Rules thereof or any addendum thereto and amendments (if any) from time to time, as may be notified by Central Government through Ministry of Corporate Affairs in consultation with the National Advisory Committee and shall include National Financial Reporting Authority, as may be applicable.
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Indian Accounting Standards means the Indian Accounting Standards (Ind-AS), applicable in India issued under by the Institute of Chartered Accountants of India, and shall be deemed to include any alternate accounting principles adopted/promulgated in place of and in lieu of the Indian Accounting Standards or any other accounting principles that may be prescribed under applicable Law from time to time;
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Indian Accounting Standards means the accounting standards notified under Section 133 of the Act read with the Companies (Indian Accounting Standards) Rules 2015;
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Indian Accounting Standards or “Ind AS” shall mean the Indian Accounting Standards issued under section 133 of the Companies Act, 2013 read with the Companies (Indian Accounting Standards Rules), 2015 and recommended by the Indian Institute of Chartered Accountants of India or any other generally accepted accounting principles in India, as in effect from time to time;
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