MCA has notified the Companies Indian Accounting Standards (Ind AS)
First and Second Amendment Rules, 2019, applicable w.e.f. 1 April, 2019,
to amend the ‘Annexure B on Indian Accounting Standards (Ind AS)’ to
the Companies (Ind AS) Rules, 2015 (the principal rules), by way of
inserting/ substituting various paragraphs, annexures, etc. in different
Ind AS. In short, Ind AS 1, 2, 7, 12, 16, 17, 19, 21, 23, 28, 32, 37,
38, 40, 41, 101, 103, 104, 107, 109, 111, etc. have been amended.
Further, new ‘Ind AS 116 – Leases’ has been inserted/ notified.
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