On February 16, 2015, the ministry of corporate affairs notified the Indian version of International Financial Reporting Standards (IFRS), to be referred as Ind AS. 39 IND AS are issued aimed at convergence of the Indian accounting framework with globally recognised IFRS. It is not full adoption of IFRS, but only convergence. These set of […]
Lok Sabha (Lower House of Indian Parliament) passed a very important Companies Bill, 2011 on 18th December 2012. Once passed by Rajya Sabha (Upper House) and signed by the President, it will replace Companies Act 1956. Following is the summary of TOP 20 important changes included in the passed Companies Bill 2011. All companies to follow uniform financial […]
Ministry of Corporate Affairs (MCA) has revised Schedule VI completely after more than 5 decades. The revision was made to align the format with International Financial Reporting Standards. To create awareness about the practical challenges for preparation of financials as per Revised Schedule VI, NJP Advisors Pvt. Ltd. has organized series of Workshop at Ahmedabad […]