Clarification with regard to Companies (Accounting Standards) Amendment Rules, 2016


With reference to the Companies (Accounting Standards) Amendment Rules, 2016, stakeholders had sought clarifications with regard to the accounting period for which the accounts would need to be prepared using the amended Accounting Standards. In this regard, the Ministry of Corporate Affairs (“MCA”) has issued a General Circular No. 04/2016 dated 27 April 2016.

As per the MCA circular, the matter has been examined in the Ministry and it is clarified that the amended Accounting Standards should be used for preparation of accounts for accounting periods commencing on or after the date of notification.

To read the Circular, please visit the below link:

http://www.mca.gov.in/Ministry/pdf/General_Circular_27042016.pdf
Clarification with regard to Companies (Accounting Standards) Amendment Rules, 2016 Clarification with regard to Companies (Accounting Standards) Amendment Rules, 2016 Reviewed by Adarsh Madrecha on 11:55:00 Rating: 5

3 comments:

  1. Hey blog post . I learned a lot from the points . Does anyone know where I would be able to obtain a fillable TREC 9-6 form to fill in ?

    ReplyDelete
    Replies
    1. Hi Claudi, my work colleague filled in a fillable TREC 9-6 copy using this https://goo.gl/uE3NpB.

      Delete
    2. Hi Claudi, my work colleague filled in a fillable TREC 9-6 copy using this https://goo.gl/uE3NpB.

      Delete

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