IND AS Applicability


(Querist)
19 November 2019
Is there is any exemption available for a Company (X Ltd) from the applicability (First time Adopter) of Ind AS if the said company will no longer be a going concern company and will be applying for voluntary liquidation from next year?
The said company is a subsidiary company of a listed company, for which Ind AS is applicable (First Time Adopter).
The current loss of X ltd is not material as compared to Holding Company.



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