This document, titled 'Companies (Accounting Standards) Rules 2021', outlines the accounting standards that companies must adhere to. It details the commencement of these rules, provides definitions for key terms like 'Accounting Standards' and 'Small and Medium Sized Company', and specifies the obligations for companies to comply with these standards. This is essential reading for any company operating under these regulations.
Companies (Accounting Standards) Rules 2021 notified by MCA in consultation with NFRA to be applicable to all companies other than Ind-AS companies. #pdf