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Applicablitity of IFRS

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(Querist)
13 May 2010 hello friends,

Can some body tell me type of companies to whom IFRS are applicable.

Are IFRS applicable to all type of Listed Companies.
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
13 May 2010 IRFS is applicable from 2011 onwards only to entities (whether or not companies, whether or not listed or whether private limited or public limited) which has a NETWORTH (not turnover) of Rs. 1000/- crores. It will be applicable to entities having networth of Rs. 500 cores or more from 2012 and to all other entities which are listed companies with effect from 2014.
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