The MCA had notified the Ind AS via the Companies (Indian Accounting Standards) Rules, 2015. Subsequently, the MCA has notified the Companies (Indian Accounting Standards) (Amendment) Rules, 2016/2017 to carry out certain amendments/ omissions in the above Ind ASs and to introduce two new Ind AS 11 and 18.
Summary List of Converged Ind AS issued by the MCA
A. Ind AS issued under Companies (Ind AS) Rules 2015 | Remarks |
Ind AS 101 – First-time Adoption of Indian Accounting Standards | Amended* |
Ind AS 102 – Share-based Payment | Amended** |
Ind AS 103 – Business Combinations | Amended* |
Ind AS 104 – Insurance Contracts | Amended* |
Ind AS 105 – Non-current Assets Held for Sale and Discontinued Operations | Amended* |
Ind AS 106 – Exploration for and Evaluation of Mineral Resources | |
Ind AS 107 – Financial Instruments: Disclosures | Amended* |
Ind AS 108 – Operating Segments | |
Ind AS 109 – Financial Instruments | Amended* |
Ind AS 110 – Consolidated Financial Statements | Amended* |
Ind AS 111 – Joint Arrangements | |
Ind AS 112 – Disclosure of Interests in Other Entities | Amended* |
Ind AS 113 – Fair Value Measurement | |
Ind AS 114 – Regulatory Deferral Accounts | |
Ind AS 115 – Revenue from Contracts with CustomersInd AS 114 – Regulatory Deferral Accounts | Omitted* |
Ind AS 1 – Presentation of Financial Statements | Amended* |
Ind AS 2 – Inventories | Amended* |
Ind AS 7 – Statement of Cash Flows | Amended** |
Ind AS 8 – Accounting Policies, Changes in Accounting Estimates and Errors | |
Ind AS 10 – Events after the Reporting Period | |
Ind AS 12 – Income Taxes | Amended* |
Ind AS 16 – Property, Plant and Equipment | Amended* |
Ind AS 17 – Leases | Amended* |
Ind AS 19 – Employee Benefits | Amended* |
Ind AS 20 – Accounting for Gov. Grants and Disclosure of Govt. Assistance | |
Ind AS 21 – The Effects of Changes in Foreign Exchange Rates | |
Ind AS 23 – Borrowing Costs | Amended* |
Ind AS 24 – Related Party Disclosures | |
Ind AS 27 – Separate Financial Statements | |
Ind AS 28 – Investments in Associates and Joint Ventures | Amended* |
Ind AS 29 – Financial Reporting in Hyperinflationary Economies | |
Ind AS 32 – Financial Instruments: Presentation | Amended* |
Ind AS 33 – Earnings per Share | |
Ind AS 34 – Interim Financial Reporting | Amended* |
Ind AS 36 – Impairment of Assets | Amended* |
Ind AS 37 – Provisions, Contingent Liabilities and Contingent Assets | Amended* |
Ind AS 38 – Intangible Assets | Amended* |
Ind AS 40 – Investment Property | Amended* |
Ind AS 41 – Agriculture |
* Subsequently Amended/ Omitted by the MCA thru Companies (Ind AS) (Amendment) Rules 2016
** Subsequently Amended by the MCA thru Companies (Ind AS) (Amendment) Rules 2017
B. Ind AS issued under Companies (Ind AS) (Amendment) Rules 2016 | Remarks |
Ind AS 11 – Construction Contracts | – |
Ind AS 18 – Revenue | – |
IND AS Related Posts:
ICAI’s Compendium of IND ASs issued by MCA (2023-24)
List of Indian Accounting Standards (Converged IND ASs) issued by MCA
ICAI’s Revised Overview of IND ASs issued by MCA (2021)
ICAI’s Revised Guidance Notes on Ind AS Compliance by Companies/ NBFCs
ICAI’s Checklist on Disclosure Requirements of Ind AS issued by MCA
Compendium of Clarifications on ‘Ind AS Implementation’ Issues by ITFG ICAI
ICAI’s Quick Referencer (2019 Edition) on IND ASs issued by MCA
Thanks for sharing information.
Thanku so much