Accounting Standard

1)company having net worth below 250 crore shall not apply  IND- As  .

2) company listed on SME exchange  not requried to apply IND- As  

3) NBFC (Non banking financial  companies ) having net worth below 250 crore shall not apply IND -AS 

4) Urban co-op banks & Regional  rural banks are not applicable to apply Ind AS 

I would like to add to the answer of Prasad Nilugal. If any company fulfills all the following conditions:

1. net worth < 250 crores and
2. neither listed and nor is in the process of listing 
3. Sales <= 50 crores in the previous year
4. Borrowing <= 10 crores at any time in the previous year

then it shall be classified as a SME and shall be exempted from the application of AS 3 & 17 and the application of AS 15,19,20,28 & 29 shall be partially exempted as per Companies (Accounting Standards) Rules, 2006.