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[RA % WHGA, SATAY, seT-2, Gs-3, Toes (i) A verre] aR Ba arote ary saree aftquar ag feet, 17 ada, 2016 ara fat. (3).- Sethe eer, Fue aff, 2013 (2013 a 18) & ent 467 #1 suet (1) Zant vere eferat ar FateT ANA ge, Sat afferent areEH-2 aor teherst axel & fore farrier sik delteres act 8, seta - 1 spoeht afer, 2013 H sreqach-2 F, sar ‘a & artis Se 3 & 3a he (i) F “(il) rat fore’ B svar ste ‘any Mey oe waea at are areoat, sant aie erect % tam & Prafafaa atom, xan HN wee we ore, areher- “G) 3ngt snftaat & fae aaa sida dar arerw (gee) any eet set feet coat & fore ancien aerate (SUH) FT aoe aT HORT tet 8 agi ag such (ear ares) fra, 2006 ari aera dar aah aT HepaTerat ast" 2 ae after 01 sta, 2016 a ar sah cea UNH elt art Aw Hail & fore ary ete [1.8.17/60/2012-2ea-V] fecaun: aust afbiferery, 2013 Fr seqeeh-2 are 01 ate, 2014 & ages #1 7S 3K saat afta 31 art, 2014 # aiftquen deais ara. Sear 237(31) atk are 29 areTed, 2014 Hr arar.fet. 627(3) FART (01 Hea, 2014 A) Geir Par sar al [TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)] GOVERNMENT OF INDIA MINISTRY OF CORPORATE AFFAIRS Notification New Delhi, 7” November, 2016 G.S.R.(E) ....1n exercise of the powers conferred by sub-section (1) of section 467 of the Companies Act, 2013 (18 of 2013), the Central Government hereby makes the following further amendments to amend Schedule II to the said Act, namely:- 1. In the Companies Act, 2013, in Schedule II, under Part ‘A’, in para 3, in sub- paragraph (ii), for the brackets, letters and words starting with “(ii) For intangible" and ending with the words “force shall apply“, the following brackets, letters and words shall be substituted, namely:- “(ii) For intangible assets, the relevant Indian Accounting Standards (Ind AS) shall apply. Where a company is not required to comply with the Indian Accounting Standards (Ind AS), it shall comply with relevant Accounting Standards under Companies (Accounting Standards) Rules, 2006.” 2. This notification shall be applicable for accounting period commencing on or after 01° April, 2016. FL No. 17/60/2012-CL-V fei wih AMARDEEP SINGH BHATIA, Jt Secy. Note:- Schedule II of the Companies Act, 2013 came into force with effect from 1% April, 2014 and was amended (with effect from 1* April, 2014) vide notification number G.S.R. 237(E), dated the 31% March, 2014 and GSR. 627(E), dated the 29" August, 2014.