Financial Daily from THE HINDU group of publications
Wednesday, Apr 09, 2003
Financial Daily from THE HINDU group of publications Wednesday, Apr 09, 2003 |
|
|
|
|
|
Corporate
-
Accounting Standards Accounting norms panel to meet on April 16 K.R. Srivats
NEW DELHI, April 8 THE 12-member National Advisory Committee on Accounting Standards (NACAS) is to meet here on April 16 to discuss the issues concerning the last five accounting standards of the Institute of Chartered Accountants of India (ICAI). Already, NACAS has recommended to the Government that Accounting Standards 1-23 of the ICAI be notified as the specified standards that should be adopted under the Companies Act. The ICAI has so far come up with 28 Accounting Standards. "The remaining five standards are being taken up by the committee for consideration", sources said, while confirming that NACAS had already met after its reconstitution in January. NACAS, which is being chaired by Mr Y.H. Malegam, Chartered Accountant, had been set up to advise the Government on the formulation and laying down of accounting policies and standards for adoption by companies or class of companies under the Companies Act, 1956. The chairman and members of this committee are to hold office up to August 28.
Article E-Mail :: Comment :: Syndication
|
Stories in this Section |
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | Business Line | The Sportstar | Frontline | The Hindu eBooks | Home |
Copyright © 2003, The
Hindu Business Line. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu Business Line
|