Annual Filing (XBRL-IND AS) Standalone
The IND AS are in essence the standards which have been aligned with the IFRS to ensure increased global comparability of reports of Indian companies. Since Indian companies are more geographically leveraged now than before, the need to harmonize, the reporting standards with international practice were felt and has led to the introduction of IND AS.
Mandatory applicability of IND AS to all companies from 1st April 2017, provided:It is A listed company or in the process of doing so as on the date 31.03.2016. It’s net worth for any of the period is greater than two hundred fifty crore and lesser than five hundred crore of such period.
Net worth must be auditorized for the Total of four Financial Years: 2014-14, 2014-15,2015-16, and 2016-17.
Mandatory applicability of IND AS to all Banks, NBFCs, and Insurance companies from 1st April 2018, whose: Net worth is more than or equal to INR 500 crore from 1st April 2018. Indian Insurance Regulatory Development Authority (IRDA) shall release the different set of IND AS for Banks & Insurance Companies from 01/04/2018. NBFCs consist of categories like core investment companies, stock brokers, venture capitalists etc Net worth should be verified of last three years i.e 2015- 2016, 2016-2017 & 2017-2018. Generally, the NBFCs who have the Net worth of more than or equal to INR 250 crore but less than INR 500 crore, should have the IND AS mandatory applied to them from 1st April 2019.
₹16948