Finance Bill, 2015 has been enacted as Finance Act, 2015 (Act No. 20 of 20 15) on 14th May, 2015 after the assent of President of India.

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May, 1st 2015

All stakeholders are hereby informed that the Ministry of Corporate Affairs has notified Roadmap for applicability of Indian Accounting Standards (Ind AS) for compliance by the class of companies specified in the said roadmap.

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Amount received by private companies from their members, directors or their relatives before 1st April, 2014 not to be treated as ‘deposits’

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