MCA UPDATE
Companies (Indian Accounting Standards) Amendment Rules, 2016
In exercise of the powers conferred by Section 133 read with Section 469 of the Companies Act, 2013 and sub-section (1) of Section 210A of the Companies Act, 1956, the Ministry of Corporate Affairs in consultation with National Advisory Committee on Accounting Standard has amended the Companies (Indian Accounting Standards) Rules, 2015, vide its notification dated 30th March, 2016.
These rules may be called the Companies (Indian Accounting Standard) Amendment Rules, 2016
They shall come into force on the date of their publication in the Official Gazette.
