Applicability of amendment to sch iii dated 6.4.2016

1) On 30.3.2016 MCA had issued two  notifications:

    a) Companies (Accounting Standards) (Amendment) Rules 2016

    b) Companies (Indian Accounting Standards) (Amendment) Rules 2016.

2) On 6.4.2016 MCA issued notification amending Sch.III in which separate format for companies covered under  Ind AS was inserted.

3) Vide circular No.4 dated 27.4.2016 MCA clarified that  Companies (Accounting Standards) (Amendment) Rules 2016 will apply for preparation of accounts for accounting periods commencing on or after the publication of said notification.  

4) Considering same logic it seems notification dated 6.4.2016 will apply for accounting periods commencing  on or after that date.  However, MCA clarification is required on this issue.

In the meantime, Vedanta Ltd has approved Balance Sheet on 28.4.2016 in the old format only:

https://www.vedantalimited.com/media/96456/final_annual_report_2016.pdf