Accounting standards

This query is : Open

Querist : Anonymous

Querist : Anonymous (Querist)

31 July 2015 with reference to the Accounting standards in India , Understand that in India,we may use two set of standards
1. Ind ASs ( 39 standards)for listed companies and networth of rs.500 crores
2.Standards issued by ICAI for those not following Ind ASs ( 31 standards)

Can you please clarify that the above information is correct .?
Whether the company can use mix of both the standards wherever applicable?

Querist : Anonymous

Querist : Anonymous (Querist)

04 August 2015 can anybody clarify this query