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IFRS and its applicability in India
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Answer / rajendran
As per press release of Mini.of corporate affairs
the foll companies need to follow IFRS from
01.04.2011,01.04.2013 and 01.04.2014
Phase I - Networth of morethan 1000 crores & listed cos
Phase II - Networth between 500 and 1000 crores
Phase III - networth less than 500 crores
| Is This Answer Correct ? | 29 Yes | 8 No |
Answer / satyawan
As per the press release of 20th January 2010 MCA has
deferred the applicability by one year.
| Is This Answer Correct ? | 2 Yes | 2 No |
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