SEBI directive to issuer firms on Ind AS

Market regulator SEBI has mandated that all draft offer documents filed between April 1, 2017 and March 31, 2019 will have to state accounts according to the Ind AS for the latest three years and according to Indian GAAP for the next two years. This is being done to harmonize the statement of accounts in a public offering with the phase wise implementation of Ind AS, being done by the MCA.