Avail 20% discount on updated CA lectures for Dec 21 .Use Code RESULT20 !! Call : 088803-20003


Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Keeping the Accounting Standards in Tune with the Times

Posted on 01 December 2012,    
 13215    Share  Report

Government has said that the examination of various rules and Accounting Standards under the Companies Act, 1956 is an ongoing process. Giving this information in written reply to a question in the Lok Sabha Shri Sachin Pilot, Minister of Corporate Affairs, said that the Accounting Standards are amended from time to time keeping in view the requirements of the situation. However, no amendment to the Standards is currently being considered.

Shri Pilot also informed the House that the Government has not brought out any Legal Compliance Manual. However, the Indian Institute of Corporate Affairs, as part of its MOU with an agency had facilitated the release of a ready reckoner for acquainting stakeholders with various laws including Companies Act, 1956.



Trending Tags