As 3 and nbfcs - urgent

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Sivaraman A R (Querist)
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01 August 2011 There is a Non-Deposit Accepting NBFC (Company).

Accounting Standard -3 Cash Flow Statement is applicable for Level 1 Enterprises only.

The company does not have the 50 crores turnover in the preceding Accounting period for applying AS3.

Is my NBFC a "Financial Institution" for getting applied AS-3.

What is "Financial Institution" for applying AS-3?

Sivaraman A R

Sivaraman A R (Querist)
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01 August 2011 Please someone answer.

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