Hi professionals,
I had a basic query. In objectives section of the ind as 32, it says that the standard applies to classification of financial instruments from the point of view of issuer into financial asset , liability or equity. want to know whats the logic of saying from the perspective of issuer.
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Ind as 32
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As per IND As 32 for issuer, it is to be decide, weather financial instrument is Equity or Liability, for example A Ltd issue equity shares to C Ltd , now it's A Ltd has to decide it's Equity Instrument or Liability, So it is Equity Instrument as per issuer. IND As 32 applies to two or more parties, who are having an Contract in writing , enforceable by Law .
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