Two separate sets of AS agreed by the convergence group of IFRS

Last updated: 23 January 2010

Two separate sets of Accounting Standards u/s Section 211(3c) of the Companies Act agreed upon by the core group for convergence of Indian Accounting Standards with IFRS FOR BANKING AND INSURANCE COMPANIES THERE WILL BE SEPARATE ROADMAP � The Core Group, constituted by the Ministry of Corporate Affairs for convergence of Indian Accounting Standards with International Financial Reporting Standards (IFRS) from April, 2011, that held its meeting on 11th January 2010 agreed that in view of
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