alleryStart learning →Is Ind AS mandatory for a company listed on an SME exchange under Rule 4?
AYes, from 1 April 2017
BYes, from 1 April 2016
CYes, above Rs 500 crore
DNo, it is voluntary
Answer & Solution
Correct answer: D. No, it is voluntary
The proviso excludes SME-exchange companies from every clause except the voluntary one in clause (i).
Keep practising Applicability of Accounting Standards to Various Entities
Browse all Applicability of Accounting Standards to Various Entities questions for CA Inter, or explore more Accounting topics.
Related questions
Under Rule 4, Ind AS binds companies in preparing statements and auditors in what?A small associate of a first-phase company must apply Ind AS from?A company in the process of listing has net worth of Rs 600 crore. Ind AS from?An unlisted entity with the minimum Rs 250 crore net worth begins Ind AS on?At precisely Rs 500 crore net worth, an unlisted entity adopts Ind AS beginning when?ICAI, which houses the Accounting Standards Board, was formed under what?The ICDS notified in February 2015 relate to what?Before Ind AS, Indian companies followed which accounting framework?