NATIONAL ADVISORY COMMITTEE ON ACCOUNTING STANDARDS...

see the following extracts;

"- AS are fomulated by ASB.

- Companies ACt gives recognition to AS's of ICAI in pursuant to Sec. 211(3C).

- It says that Center will consult with the NACAS and notify AS's to be applied on companies.

- Untill then ICAI 's AS's will remain the SAme for companies.

- On December 2006, CG notified 1-7 and 9-29 AS's for this purpose."

So in this context, for applying the AS's to the companies, NACAS is consulted.!!!!!!!!!

 "On December 2006, CG notified 1-7 and 9-29 AS's for this purpose."

Sir can u pls tell me the notification number or any link where i can get the circular.