Timelines for Convergence for IFRS in India
First Phase : 1st April, 2011
- Companies which are part of NSE- Nifty 50
- Companies which are part of BSE – Sens*x 30
- Companies which share or other securities are listed on Stock Exchange Outside India
- Companies whether listed or not , which have a net worth in excess of Rs.1000 crores
Second Phase :1st April ,2013
Companies which are listed or not , having a net worth exceeding Rs. 500 crores but not exceeding Rs. 1000 crores.
Third Phase : 1st April, 2014
Listed companies which have a net worth of Rs. 500 crore or less