Number of Accounting Standard (AS)

Title of the AS

Mandatory for periods commencing on or after

Levels of Enterprises to whom applicable, Remarks
[See Note 1]

Refer Note No.

AS 1

Disclosure of Accounting Policies

1-4-1991 for companies, 1-4-1993 for others

]

I, II and III

AS 2

Valuation of Inventories

1/4/1999

]

I, II and III

AS 3

Cash flow Statements

1/4/2001

]

I

2

AS 4

Contingencies and Events Occurring After the Balance Sheet Date

1/4/1995

]

I, II and III

10

AS 5

Net Profit or Loss for the Period, Prior Period Items and Changes in Accounting Policies

1/4/1996

]

I, II and III

11

AS 6

Depreciation Accounting

1/4/1995

]

I, II and III

9

AS 7(revised 2002)

Construction Contracts

For all contracts entered into during accounting periods on or after 1-4-2003

]

I, II and III

4.a

AS 8

Accounting for Research and Development

1-4-1991for companies, 1-4-1993 for others

]

I, II and III

9

AS 9

Revenue Recognition

1-4-1991 for companies 1-4-1993 for others

]

I, II and III

AS 10

Accounting for Fixed Assets

1-4-1991 for companies, 1-4-1993 for others

]

I, II and III

8, 9

AS 11(revised 2003)

The Effects of Changes in Foreign Exchange Rates

1/4/2004

]

I, II and III

4.b

AS 12

Accounting for Government Grants

1/4/1994

]

I, II and III

AS 13

Accounting for Investments

1/4/1995

]

I, II and III

12

AS 14

Accounting for Amalgamations

1/4/1995

]

I, II and III

13

AS 15

Accounting For Retirement Benefits in the Financial Statements of Employers

1/4/1995

]

I, II and III

Employees Benefits (Revised 2005)

1/4/2006

AS 16

Borrowing Costs

1/4/2000

]

I, II and III

8

AS 17

Segment Reporting

1/4/2001

]

I

2

AS 18

Related Party Disclosures

1/4/2001

]

I

2, 14

AS 19

Leases

For all assets leased for accounting periods commencing on or after 1-4-2001

]

I, II and III

2, 3a

AS 20

Earnings Per Share

1/4/2001

]

I, II and III

2, 3b

AS 21

Consolidated Financial Statements

1/4/2001

]

I

5

AS 22

Accounting for Taxes on Income

1/4/2001

]

I, II and III

6

AS 23

Accounting for investments in associates in Consolidated Financial Statements

1/4/2002

]

I

7

AS 24

Discontinuing Operations

1/4/2004
1/4/2005

]

I
II, III

2

AS 25

Interim Financial Reporting

1/4/2002

]

I

3.c, 16

AS 26

Intangible Assets