As compliance

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Suraj

Suraj (Querist)
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07 September 2013 What all as is applicable on company having turnover more than 50 crores?

CA. Sunil Kumar

CA. Sunil Kumar (Expert)
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07 September 2013 As the Company is not a SMC

Hence all accounting standard will be applicable to the company as per Section 211(c) of Companies Act,1956

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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07 September 2013 As on date we have 29 accounting standards. Out of that AS 8 is withdrawn consequent to issuance of AS 26.
Therefore, the company has to check the applicability of the 28 standards and follow which ever is applicable so as to comply with the provisions of section 211(3C) of the Companies Act,1961.