The MCA vide Notification dated 23 June 2021 has issued new Companies (Accounting Standard) Rules, 2021 in consultation with the National Financial Reporting Authority (NFRA). The Rules states that an existing company while was previously not a SMC and subsequently becomes SMC shall not be eligible to avail the exemptions/ relaxations available in the standards for SMC until it continues to remain a SMC for two consecutive accounting periods.
from taxmann.com News https://ift.tt/2U5FFPm
No comments:
Post a Comment