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Accounting Standards Rules G.S.R. 432(E)

The Companies (Accounting Standards) Rules, 2021

The Accounting Standards for companies that do not apply Indian Accounting Standards, the definition of a Small and Medium Sized Company, and the exemptions available to such companies. Supersedes the 2006 Rules.

5 Rules
G.S.R. 432(E) Notification
133 Section
G.S.R. 432(E) Enacted 23 June 2021 Enforced 01 April 2021 Ministry of Corporate Affairs
Made under

The Companies Act, 2013 Chapter IX

s. 133 s. 469
5 rules
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Opening text

Preamble

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)]
Government of India Ministry of Corporate Affairs
NOTIFICATION
New Delhi the 23rdJune, 2021
G.S.R………. (E).—In exercise of the powers conferred by section 133 read with section 469 of the Companies Act, 2013 (18 of 2013)and in supersession of the Companies (Accounting Standards) Rules, 2006, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 739(E),dated the 07th December, 2006 [and amended from time to time vide numbers G.S.R. No. 212(E), dated the 27th March, 2008, G.S.R. 225(E), dated the 31st March, 2009, G.S.R. 378(E), dated the 11th May, 2011, G.S.R. 913(E), dated the 29th December, 2011, G.S.R. 914(E), dated the 29th December, 2011, G.S.R. 364(E), dated the 30th March, 2016 and G.S.R. 569(E) dated the 18th June, 2018], except as respects things done or omitted to be done before such supersession, the Central Government, after consultation with the National Financial Reporting Authority constituted under section 132 of the said Act, hereby makes the following rules, namely:—
Chapter I

Accounting Standards

5 rules