Monday, October 15, 2018

MCA amends Sch. III; introduces financials format for NBFCs complying with Ind AS

After specifying format of financial statements of companies complying with Ind AS, the MInistry of Corporate Affairs, recently, has sepcified the format of financial statements of NBFCs which are required to comply with Ind AS. NBFCs covered in first phase are reuired to comply with Ind AS w.e.f. April 1, 2018.

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