Experts please explain the concept of Ind-AS i.e Indian Accounting Standards
Dear Student,
In order to keep Indian economic and juridical environments in view and to converge with IFRS Standards which are produced and which are copyrights owned by the IFRS Foundation, the Indian AS standards (Ind AS), as communicated under Section 133 of the Company Act 2013, have been created.
Notwithstanding the conditions set out below, Indian Copyright Act 1957 and Ind AS copyright in Ind AS vests in the Government of India are managed by the Companies Act 2013.
Regards
In order to keep Indian economic and juridical environments in view and to converge with IFRS Standards which are produced and which are copyrights owned by the IFRS Foundation, the Indian AS standards (Ind AS), as communicated under Section 133 of the Company Act 2013, have been created.
Notwithstanding the conditions set out below, Indian Copyright Act 1957 and Ind AS copyright in Ind AS vests in the Government of India are managed by the Companies Act 2013.
Regards