Ind AS definition

Ind AS means the Indian accounting standards referred to in and notified by the Companies (Indian Accounting Standards) Rules, 2015.

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Ind AS means the Indian accounting standards prescribed under section 133 of the CA 2013 as notified under the Companies (Indian Accounting Standards) Rules, 2015;

Ind AS means the Indian Accounting Standards prescribed under Section 133 of the Act;

Examples of Ind AS in a sentence

• The preparation of financial statements in conformity of Ind AS requires management to make judgments, estimates and assumptions that affect the application of accounting policies and the reported amounts of assets, liabilities, the disclosures of contingent assets and contingent liabilities at the date of financial statements, income and expenses during the period.

• Ind AS would replace the existing Indian GAAP prescribed under section 133 of The Companies Act, 2013 read with Rule 7 of the Companies (Accounts) Rules,2014.

• For this Company , Ind AS would be applicable for the accounting period beginning April 1, 2017, with a transition date of April 1, 2016.

• The Company is mainly engaged in real estate activities catering to Indian Customer Accordingly, Managing Director and Joint Managing Director (act as the ‘Chief Operational Decision Maker’ as defined in Ind AS 108) monitors the operating results of the company’s business for the purpose of making decisions about resource allocation and performance assessment.

• The Company’s Board of Directors is responsible for the matters stated in section 134(5) of the Act with respect to the preparation of these financial statements that give a true and fair view of the financial position, financial performance, total comprehensive income, changes in equity and cash flows of the Company in accordance with the Ind AS and other accounting principles generally accepted in India.

More Definitions of Ind AS

Ind AS means the Indian Accounting Standards (Ind AS), as notified under Section 133 of the Companies Act, 2013;

Ind AS means the Indian accounting standards, as in effect from time to time.

Ind AS means Indian Accounting Standards;

Ind AS means the Indian Accounting Standards issued from time to time, by the Institute of Charted Accountants of India.

Ind AS means IFRS converged Indian Accounting Standards, notified pursuant to the Companies (Accounting Standards) Rules, 2015 issued by the MCA on February 16, 2015;

Ind AS has the meaning ascribed to it in Clause 3.31 of this Agreement;

Ind AS shall have the meaning given to such term in Section 3.45;