Applicability of Accounting Standards

Indian Accounting  Standards  are  applicable  following  manner 

1)    Companies   then  to  parent Companies , Subsidiary companies , and  Joint Ventures  or  associate Companies  .(  Listed &  Non Listed  Companies  depend  up on  Net -Wort ) 

2) Banking  Companies  ( Listed and Non Listed companies  depend  up on Net worth ) 

3)  NBFC''S ( Non  Banking  Financial  companies ) (  Listed and Non listed  Companies  depends up on Net  Worth ) 

4)  Insurance Companies . 

Accounting  Standards  are  not  applicable  to  Non -Corporate