Exemption of Accounting standards to Companies engaged in defence production

rTO BE PUBLISHED IN THE GMETTE OF INDIA, EXTM-ORDINARY, PART II, SECilON 3,
suB-sEcTroN (ii)l
GOVERNMENT OF INDIA
MINISTRY OF CORPOMTE AFFAIRS
NOTIFICATION
New Delhi, 23 february, 2018
S,O, _ (E). – In exercise of the powers conferred by clauses (a) and (b) of sub-section (1) and sub-section (2) of section 462 of the Companies Act, 2013 (18 of 2013) the
Central Government, in the interest of public, hereby amends the notification of the Government of India in the Ministry of Corporate Affairs number G.S.R. 463(E) dated the
5b June, 2015 published in the Gazette of India, Extraordinary, Part-II, Section 3, Sub-
section (i), dated the 5th June 2015 , namely:-
2. In the said notification, in the Table, for serial number 8 and entries relating
thereto, the following serial number and entries shall be respectively substituted, namely:-
Joint Secretary to the Government of India
Note:- The Principal Notification was published in the Gazette of India, Extra-ordinary, Part-II, Section- 3, Sub-Section (i) vide G.S.R 463 (E) dated the 5b lune, 2015 and was subsequently amended vide notification number G.S.R 582 (E) dated L3h June, 20L7.

Chapter IX, section
129. Shall not apply to the companies engaged in defence production to the extent of application of relevant Accountinq Standard on segment reporting”

notificationSegment2302_26022018

Nitika Bansal

I will regularly provide update on direct tax and indirect tax