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Sunday, February 6, 2011. Applicability of IFRS in India. Converged Indian Accounting Standards in line with International Financial Reporting Standards will be applicable in India w.e.f April 1st 2011 in the following mode. Converges in respect of Companies other than Banking, Insurance and NBFCs. Convergence of opening Balance Sheet as on 1. Companies which are part of NSE or BSE. Companies which are listed on stock exchange outside India. Convergence of opening Balance Sheet as on 1. April 1, 2013.CONTENT
This web page cavishalaggarwal.blogspot.com states the following, "Sunday, February 6, 2011." We saw that the webpage said " Applicability of IFRS in India." It also said " Converged Indian Accounting Standards in line with International Financial Reporting Standards will be applicable in India w. f April 1st 2011 in the following mode. Converges in respect of Companies other than Banking, Insurance and NBFCs. Convergence of opening Balance Sheet as on 1. Companies which are part of NSE or BSE. Companies which are listed on stock exchange outside India. Convergence of opening Balance Sheet as on 1."