Ind AS - Practical perspectives

Ind AS - Practical perspectives

Overview of Ind AS results published by Nifty 50 companies

Overview of Ind AS results published by Nifty 50 companies

Introduction

The Ministry of Corporate Affairs (MCA), through its notification on 16 February 2015, issued the Indian Accounting Standards (Ind AS) and recommended its application in a phased manner from 1 April 2016. Companies, listed, public, or private, whose net worth is equal to or exceeds INR500 crore are covered in the first phase of Ind AS implementation. Effectively, the quarterly results for 30 June 2016 and 30 September 2016 are the first such reporting periods for listed companies.

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