iFrS adoption definition

iFrS adoption means adoption of international Financial reporting Standards as it is i.e. in toto. “iFrS convergence” means accounting standards of a coun- try converged with iFrS, i.e., indian accounting standards more or less in line with the iFrS. india has decided to go for the latter route. indian accounting standards converged with iFrS are known as ind-AS. thirty nine indian Accounting Standards converged with iFrS were notified by the Ministry of corporate Affairs on 16th February, 2015. the date of implementation of ind-AS has also been notified by the Ministry on that date. ind AS will be implemented in a phased manner.
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Related to iFrS adoption

  • Super Top Heavy Plan means a plan described in Section 2.2(b).

  • Adoption Date means the date the Plan is first approved by the Board or Compensation Committee.

  • Top Heavy Plan Year means a Plan Year during which the Plan is a Top Heavy Plan.

  • Plan Year(s) means the approximate twelve-month periods between annual meetings of the shareholders of the Company, which, for purposes of the Plan, are the periods for which annual retainers are earned.

  • adoption leave means a period of absence from work on ordinary or additional adoption leave by virtue of section 75A or 75B of the Employment Rights Act 1996;