Indian GAAP definition

Indian GAAP means the generally accepted accounting practices as applicable in India;

Indian GAAP means generally accepted accounting principles applicable in India, as promulgated (i) by the Indian Institute of Chartered Accountants, and (ii) under the (Indian) Companies Act, 1956.

Indian GAAP means generally accepted Indian accounting principles in effect from time to time and consistently applied.

Examples of Indian GAAP in a sentence

• The preparation of financial statements in conformity with Indian GAAP requires the management to make judgments, estimates and assumptions that affect the reported amounts of revenues, expenses, assets and liabilities and the disclosure of contingent liabilities, at the end of the reporting period.

• The preparation of the financial statements in conformity with Indian GAAP requires the Management to make estimates and assumptions considered in the reported amounts of assets and liabilities (including contingent liabilities) and the reported income and expenses during the year.

• The financial statements of the Company have been prepared in accordance with generally accepted accounting principles in India (Indian GAAP).

• The financial statements of the company have been prepared in accordance with generally accepted accounting principles in India (Indian GAAP).

• Any reliance by persons not familiar with Indian GAAP on the financial disclosures presented in this Prospectus should accordingly be limited.

More Definitions of Indian GAAP

Indian GAAP means generally accepted accounting standards in India, applicable to the Company.

Indian GAAP means the generally accepted accounting principles applicable in India; “Indian Rupees” or “Rs.” or “INR” means the lawful currency of the Republic of India;

Indian GAAP means the generally accepted accounting principles applicable in India, consistently applied throughout the specified period;

Indian GAAP means and refers to the generally accepted accounting principles as applicable in India, including inter alia accounting standards and other authoritative pronouncements, issued by the Institute of Chartered Accountants of India, or such other body or person having a right under Applicable Laws to issue such accounting standards and other authoritative pronouncements;

Indian GAAP means generally accepted accounting principles in India;

Indian GAAP means generally accepted accounting principles that are applicable in India, consistently applied throughout the specified period and in the comparable period in the immediately preceding Financial Year;

Indian GAAP means the generally accepted accounting practices in India;