when was accounting standard board established in india
Indian Accounting Standards Indian Accounting Standard (abbreviated as Ind-AS) is the Accounting standard adopted by companies in India and issued under the supervison of Accounting Standards Board (ASB) which was constituted as a body in the year 1977. ASB is a committee under Institute of Chartered Accountants of India (ICAI) which consists of representatives from government department, academicians, other professional bodies viz. ICAI, representatives from ASSOCHAM, CII, FICCI, etc.
Union Public Service Commission Established on 1 October 1926 as Public Service Commission, it was later reconstituted as Federal Public Service Commission by the Government of India Act, 1935; only to be renamed as today's Union Public Service Commission after the independence.[7][8]
National Pledge (India) 1. Hindi भारत मेरा देश है। सब भारतवासी मेरे भाई-बहन है। मैं अपने देश से प्रेम करता/करती हूं। इसकी समृद्ध एवं विविध संस्कृति पर मुझे गर्व है। मैं सदा इसका सुयोग्य अधिकारी बनने का प्रयत्न करता/करती रहूँगा/रहूँगी। मैं अपने माता-पिता, शिक्षको एवं गुरुजनो का सम्मान करूँगा/करूँगी और प्रत्येक के साथ विनीत रहूँगा/रहूँगी। मैं अपने देश और देशवाशियों के प्रति सत्यनिष्ठा की प्रतिज्ञा करता/करती हूँ। इनके कल्याण एवं समृद्धि में ही मेरा सुख निहित है।
Institute of Chartered Accountants of India As of 2010[update], the Institute of Chartered Accountants of India has issued 32 Accounting Standards. These are numbered AS-1 to AS-7 and AS-9 to AS-32 (AS-8 is no longer in force since it was merged with AS-26).[44] Compliance with accounting standards issued by ICAI has become a statutory requirement with the notification of Companies (Accounting Standards) Rules, 2006 by the Government of India.[45] Before the constitution of the National Advisory Committee on Accounting Standards (NACAS), the institute was the sole accounting standard setter in India. However NACAS is not an independent body. It can only consider accounting standards recommended by ICAI and advise the Government of India to notify them under the Companies Act, 2013. Further the Accounting Standards so notified are applicable only to companies registered under the companies act, 2013. For all other entities the accounting standards issued the ICAI continue to apply.