Western India Regional Council of
The Institute of Chartered Accountants of India

Law Update Details

July 2018 CA. Rahul Joglekar

MCA (www.mca.gov.in)

MCA notification GSR (E) dated 18th June 2018 – Companies (Accounting Standards) Amendment Rules, 2018.

MCA has issued the aforesaid notification to make amendments to the Companies (Accounting Standards) Rules, 2006 issued under the Companies Act 1956. The amendment deals with AS-11 with respect to disposal of interest in non-integral foreign operation and treatment of exchange gains and losses in such disposal. For complete text of the notification, please refer the link: http://www.mca.gov.in/Ministry/pdf/CompanyAmendmentRule1806_19062018.pdf.


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