List of Indian Accounting Standards (Converged Ind AS)

The MCA had notified the Ind AS via the Companies (Indian Accounting Standards) Rules, 2015. Subsequently, the MCA has notified the Companies (Indian Accounting Standards) (Amendment) Rules, 2016/2017 to carry out certain amendments/ omissions in the above Ind ASs and to introduce two new Ind AS 11 and 18.

Summary List of Converged Ind AS issued by the MCA

A. Ind AS issued under Companies (Ind AS) Rules 2015 Remarks
Ind AS 101 – First-time Adoption of Indian Accounting Standards Amended*
Ind AS 102 – Share-based Payment Amended**
Ind AS 103 – Business Combinations Amended*
Ind AS 104 – Insurance Contracts Amended*
Ind AS 105 – Non-current Assets Held for Sale and Discontinued Operations Amended*
Ind AS 106 – Exploration for and Evaluation of Mineral Resources
Ind AS 107 – Financial Instruments: Disclosures Amended*
Ind AS 108 – Operating Segments
Ind AS 109 – Financial Instruments Amended*
Ind AS 110 – Consolidated Financial Statements Amended*
Ind AS 111 – Joint Arrangements
Ind AS 112 – Disclosure of Interests in Other Entities Amended*
Ind AS 113 – Fair Value Measurement
Ind AS 114 – Regulatory Deferral Accounts
Ind AS 115 – Revenue from Contracts with CustomersInd AS 114 – Regulatory Deferral Accounts Omitted*
Ind AS 1 – Presentation of Financial Statements Amended*
Ind AS 2 – Inventories Amended*
Ind AS 7 – Statement of Cash Flows Amended**
Ind AS 8 – Accounting Policies, Changes in Accounting Estimates and Errors
Ind AS 10 – Events after the Reporting Period
Ind AS 12 – Income Taxes Amended*
Ind AS 16 – Property, Plant and Equipment Amended*
Ind AS 17 – Leases Amended*
Ind AS 19 – Employee Benefits Amended*
Ind AS 20 – Accounting for Gov. Grants and Disclosure of Govt. Assistance
Ind AS 21 – The Effects of Changes in Foreign Exchange Rates
Ind AS 23 – Borrowing Costs Amended*
Ind AS 24 – Related Party Disclosures
Ind AS 27 – Separate Financial Statements
Ind AS 28 – Investments in Associates and Joint Ventures Amended*
Ind AS 29 – Financial Reporting in Hyperinflationary Economies
Ind AS 32 – Financial Instruments: Presentation Amended*
Ind AS 33 – Earnings per Share
Ind AS 34 – Interim Financial Reporting Amended*
Ind AS 36 – Impairment of Assets Amended*
Ind AS 37 – Provisions, Contingent Liabilities and Contingent Assets Amended*
Ind AS 38 – Intangible Assets Amended*
Ind AS 40 – Investment Property Amended*
Ind AS 41 – Agriculture

* Subsequently Amended/ Omitted by the MCA thru Companies (Ind AS) (Amendment) Rules 2016

** Subsequently Amended by the MCA thru Companies (Ind AS) (Amendment) Rules 2017

B. Ind AS issued under Companies (Ind AS) (Amendment) Rules 2016 Remarks
Ind AS 11 – Construction Contracts
Ind AS 18 – Revenue

Related Posts:

ICAI’s Quick Referencer on Indian Accounting Standards (Ind AS): November 2019 Edition

ICAI Guidance Note on Ind AS Compliance by NBFCs: Division III of Schedule III to the Companies Act 2013

ICAI’s Guidance Note on Division II (Ind AS) of Schedule III to Companies Act, 2013

ICAI’s Guidance Note on Division I (Non Ind AS) of Schedule III to Companies Act, 2013

Indian Accounting Standards (Ind AS): An Overview by ICAI (Revised July 2018)

Compendium of Clarifications on ‘Ind AS Implementation’ Issues by ITFG ICAI (Jan. 2019)

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  1. Aditya patwardhan
  2. Meghna Dutta

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