## Report on the Companies (Indian Accounting Standards) Amendment Rules, 2022
**1. Executive Summary:**
This report analyzes the Companies (Indian Accounting Standards) Amendment Rules, 2022, as published in the Gazette of India on March 23, 2022. This amendment modifies the Companies Indian Accounting Standards Rules, 2015, aiming to incorporate updates and improvements to various Indian Accounting Standards (Ind AS). The key findings of this report detail the specific changes to Ind AS 101, 103, 109, 16, 37 and 41 including alterations to recognition principles, measurement methods, and disclosure requirements. These changes are expected to impact the financial reporting practices of companies applying Ind AS, ensuring greater alignment with international standards and improved accuracy in financial statements.
**2. Introduction:**
This report provides an informative overview of the Companies (Indian Accounting Standards) Amendment Rules, 2022, based solely on the provided policy text published in the Gazette of India. The purpose of this report is to outline the amendments introduced and their potential impact on the application of Indian Accounting Standards.
**3. Policy Overview:**
* **Original Policy Being Amended:** The Companies Indian Accounting Standards Rules, 2015.
* **Core Objective(s):** The core objective of the amendment, inferred from the text, is to update and refine the existing Indian Accounting Standards (Ind AS) to reflect improvements and clarifications, ensuring more accurate and consistent financial reporting. This includes aligning with international accounting practices and addressing specific application issues.
**4. Background and Rationale:**
The rationale for this amendment stems from the need to continuously improve accounting standards and incorporate learnings from practical application, as well as maintain convergence with international standards. The specific amendments address issues related to the recognition and measurement of assets and liabilities, the treatment of business combinations, financial instruments, property, plant, and equipment, provisions, and biological assets. These changes likely aim to provide greater clarity and consistency in the application of Ind AS, resolving ambiguities or addressing areas where the original standards lacked sufficient guidance.
**5. Key Provisions / Changes:**
The amendment introduces changes to the following Ind AS standards:
* **Ind AS 101 (First-time Adoption of Indian Accounting Standards):**
* *Change:* Inserts paragraph 39AG and amends Appendix D.
* *New Rule:* Introduces Annual Improvements to Ind AS 2021, amending paragraph D1f and adding paragraph D13A, particularly regarding cumulative translation differences. Subsidiaries, associates or joint ventures using exemption D16a may elect to measure cumulative translation differences at the parent's consolidated carrying amount at the date of transition.
* *Effect:* Provides entities with an option for measuring cumulative translation differences upon adoption, potentially simplifying financial reporting for certain subsidiaries, associates and joint ventures.
* **Ind AS 103 (Business Combinations):**
* *Change:* Substitutes paragraphs 11, 14, 21, 22 and 23 and adds paragraphs 21A, 21B, 21C and 23A.
* *New Rule:* Clarifies the definitions of assets and liabilities as per the Conceptual Framework for Financial Reporting when applying the acquisition method. Modifies rules for recognition of contingent liabilities and assets, requiring the recognition of contingent liabilities at fair value if reliably measured, even if an outflow is not probable, and disallowing the recognition of contingent assets at the acquisition date. It also includes specifications relating to liabilities and contingent liabilities within the scope of Ind AS 37.
* *Effect:* Aligns recognition principles with the Conceptual Framework and changes the treatment of contingent liabilities and assets in business combinations, leading to potentially different accounting outcomes compared to the original standard.
* **Ind AS 109 (Financial Instruments):**
* *Change:* Substitutes paragraph 7.1.9 and B3.3.6, and adds paragraph B3.3.6A.
* *New Rule:* Introduces Annual Improvements to Ind AS 2021, specifying the accounting treatment for modifications or exchanges of financial liabilities. Also provides clarity on whether an exchange of debt instruments or modification of terms is accounted for as an extinguishment and the treatment of any costs or fees incurred.
* *Effect:* Impacts the accounting for financial liabilities that are modified or exchanged, particularly regarding determining whether the changes are substantial and how related costs and fees are treated.
* **Ind AS 16 (Property, Plant and Equipment):**
* *Change:* Substitutes paragraph 17(e) and adds paragraph 8 in appendix 1.
* *New Rule:* Clarifies that excess of net sale proceeds of items produced over the cost of testing, if any, shall not be recognised in the profit or loss but deducted from the directly attributable costs considered as part of cost of an item of property, plant, and equipment.
* *Effect:* The clarification could affect how costs associated with bringing an asset to its intended use are capitalised.
* **Ind AS 37 (Provisions, Contingent Liabilities and Contingent Assets):**
* *Change:* Adds paragraph 68A and 94A and substitutes paragraph 69.
* *New Rule:* Provides a definition for the cost of fulfilling a contract and specifies the accounting treatment for onerous contracts, including the recognition of impairment losses on assets used in fulfilling the contract before establishing a separate provision for an onerous contract. An entity shall not restate comparative information.
* *Effect:* This amendment could impact the way entities assess and account for onerous contracts, by recognising the cumulative effect of initially applying the amendments as an adjustment to the opening balance of retained earnings or other component of equity, as appropriate, at the date of initial application.
* **Ind AS 41 (Agriculture):**
* *Change:* Substitutes paragraph 22 and adds paragraph 65.
* *New Rule:* Clarifies that an entity does not include any cash flows for financing the assets or re establishing biological assets after harvest.
* *Effect:* It will impact how entities calculate fair value measurements of biological assets.
**6. Target Audience and Stakeholders:**
The target audience and stakeholders directly affected by these amendments include:
* Companies applying Indian Accounting Standards (Ind AS).
* Auditors of companies applying Ind AS.
* The Institute of Chartered Accountants of India (ICAI).
* Investors and other users of financial statements prepared under Ind AS.
* Subsidiaries, associates, and joint ventures reporting under Ind AS.
**7. Implementation Aspects (Inferred):**
* **Responsible agency/bodies:** The Central Government, in consultation with the National Financial Reporting Authority.
* **Timelines:** The amendments come into effect from 1st April, 2022.
* The amendments to Ind AS 37 shall be applied to contracts for which it has not yet fulfilled all its obligations at the beginning of the annual reporting period in which it first applies the amendments the date of initial application. The entity shall not restate comparative information.
**8. Expected Outcomes / Impact of Changes:**
The likely intended outcomes of these amendments are:
* Enhanced clarity and consistency in the application of Ind AS.
* Improved financial reporting quality and comparability across entities.
* Greater alignment with international accounting practices.
* More accurate reflection of business transactions and events in financial statements.
* For Ind AS 103, a more standardized approach to accounting for contingent liabilities in business combinations.
* For Ind AS 109, improved accounting for modifications of financial liabilities.
**9. Conclusion:**
The Companies (Indian Accounting Standards) Amendment Rules, 2022, represent a significant update to the existing Ind AS framework. By incorporating various improvements and clarifications, the amendments are expected to enhance the quality and consistency of financial reporting in India. Stakeholders should carefully review these changes to ensure compliance and accurate application in their financial statements, particularly for annual reporting periods beginning on or after 1st April, 2022. These amendments reaffirm the commitment to maintaining a robust and relevant financial reporting framework that supports informed decision-making and investor confidence.
Key Entities Referenced
Companies Act, 2013: Indian legislation governing companies, specifically section 133 and section 469 are referenced.
Central Government: The governing body responsible for amending the Companies Indian Accounting Standards Rules, 2015.
National Financial Reporting Authority: An organization consulted by the Central Government in amending the Companies Indian Accounting Standards Rules, 2015.
Companies Indian Accounting Standards Rules, 2015: A set of rules that are being amended by this notification.
Companies Indian Accounting Standards Amendment Rules, 2022: The short title of the rules being introduced by this notification.
Indian Accounting Standard Ind AS 101: Indian Accounting Standard related to First-time Adoption of Indian Accounting Standards, being amended by the notification.
Annual Improvements to Ind AS 2021: Amendments to Ind AS standards.
Indian Accounting Standard Ind AS 103: Indian Accounting Standard related to Business Combinations, being amended by the notification.
Conceptual Framework for Financial Reporting under Indian Accounting Standards: Framework issued by the Institute of Chartered Accountants of India
Institute of Chartered Accountants of India: An organization that issued Conceptual Framework for Financial Reporting under Indian Accounting Standards
Indian Accounting Standard Ind AS 37: Indian Accounting Standard related to Provisions, Contingent Liabilities and Contingent Assets, being amended by the notification.
Indian Accounting Standard Ind AS 109: Indian Accounting Standard related to Financial Instruments, being amended by the notification.
Indian Accounting Standard Ind AS 16: Indian Accounting Standard related to Property, Plant and Equipment, being amended by the notification.
Indian Accounting Standard Ind AS 41: Indian Accounting Standard related to Agriculture, being amended by the notification.
K.V.R. Murty: Jt. Secy., person associated with the notification.
Ministry of Corporate Affairs: The ministry that issued the notification
New Delhi: Location of notification, Union Territory of Delhi
रजजस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99
xxxGIDHxxx
सी.जी.-डी.एलxx.x-GअID.-E0x4xx0 42022-234814
CG-DL-E-04042022-234814
ऄसाधारण
EXTRAORDINARY
भाग II—खण् ड 3—ईप-खण्ड (i)
PART II—Section 3—Sub-section (i)
प्राजधकार स ेप्रकाजित
PUBLISHED BY AUTHORITY
स.ं 243] नइ ददल्ली, सोमिार, ऄप्रैल 4, 2022/चत्रै 14, 1944
No. 243] NEW DELHI, MONDAY, APRIL 4, 2022/CHAITRA 14, 1944
कारपोरेट काय य मत्रं ालय
ऄजधसचू ना
नइ ददल्ली, 23 माचय, 2022
सा.का. जन. 255(ऄ).—केंद्रीय सरकार, कंपनी ऄजधजनयम, 2013 (2013 का 18) की धारा 469 के साथ पठित
धारा 133 द्वारा प्रदत्त िजियों का प्रयोग करते हुए, राष्ट्रीय जित्तीय ठरपोर्टटग प्राजधकरण के परामि य स े कंपनी (भारतीय
लेखा मानक) जनयम, 2015 का और संिोधन करने के जलए जनम्नजलजखत जनयम बनाती ह,ै ऄथायत्:-
1 संजिप्त नाम और प्रारंभ.- (1) आन जनयमों का नाम कंपनी (भारतीय लेखा मानक) संिोधन जनयम, 2022 ह।ै
(2) य ेजनयम 01 ऄप्रलै , 2022 को प्रिृत्त होंगे।
2. कंपनी (भारतीय लेखा मानक) जनयम, 2015 म,ें िीर्कय “ख. भारतीय लेखा मानक (आंड एएस)” “ईपाबंध” म,ें के
ऄधीन,-
(क) “भारतीय लेखा मानक (आंड एएस) 101” म,ें -
(i) ऄनुच्छेद 39कच के पश्चात,् जनम्नजलजखत को ऄंतःस्ट्थाजपत दकया जाएगा, ऄथायत:्
“39कछ. आंड एएस, (2021), म ेंिार्षर्क सुधार, ऄनुच्छेद घ1(च) को संिोजधत दकया गया ह ैऔर ऄनुच्छेद घ13क
को जोडा गया ह।ै एक प्रजतष्ठान आस संिोधन को 1 ऄप्रलै 2022 को या आसके पश्चात ् अरंभ होन े िाली
िार्षर्क ठरपोर्टटग ऄिजधयों स ेलाग ू करेगा।”;
(ii) पठरजिष्ट ‘घ’ म,ें ऄनुच्छेद घ1 म,ें ईपमद (च) के स्ट्थान पर, जनम्नजलजखत को रखा जाएगा, ऄथायत्:
2350 GI/2022 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(i)]
“(च) संचयी रूपान्तरण ऄन्तर (ऄनच्ु छेद घ12-घ13क)”;
(iii) पठरजिष्ट घ म,ें ऄनच्ु छेद घ13 के पश्चात,् जनम्नजलजखत को ऄंत:स्ट्थाजपत दकया जाएगा, ऄथायत:्-
“घ13क ऄनुच्छेद घ12 या ऄनुच्छेद घ13 के प्रयोग की बजाय, एक ऄनुर्गं ी प्रजतष्ठान जो
ऄनुच्छेद घ16(क) म ें ददए गए छूट का प्रयोग करता ह,ै ऄपने जित्तीय जििरणों म,ें मूल प्रजतष्ठान के
समेदकत जित्तीय जििरणों म ें सजममजलत होने िाली सभी जिदेिी पठरचालनों के सजं चत रूपान्तरण ऄन्तरों
को मूल प्रजतष्ठान के भारतीय लखे ा मानकों पर संक्रमण जतजथ के अधार पर माप करन े के जलए चयन कर
सकता ह,ै बिते मलू प्रजतष्ठान द्वारा ऄनर्ु ंगी प्रजतष्ठान का ऄजधग्रहण करते समय समेकन प्रदक्रया और
व्यिसाजयक संयोजन की राजियों म ें दकसी प्रकार का कोइ संयोजन नहीं दकया गया ह।ै एक सहयोगी
प्रजतष्ठान या संयुि ईद्यम यदद ऄनुच्छेद घ16(क) म ें दी गइ छूट का प्रयोग करता ह ैतो ईसे भी आस प्रकार
का जनिायचन ईपलब्ध ह।ै ”
(ख) “भारतीय लेखा मानक (आंड एएस) 103” म-ें
(i) ऄनुच्छेद 11 के स्ट्थान पर, जनम्नजलजखत को रखा जाएगा, ऄथायत्:-
“11 ऄजधग्रहण जिजध लागू करन े के एक भाग के रूप म ें मान्यता की ऄहतय ा हते ु ऄजधग्रहीत की गइ
पहचान योग्य अजस्ट्तयों और ग्रहण दकए गए दाजयत्िों को ऄजधग्रहण जतजथ पर भारतीय सनदी लेखाकार
संस्ट्थान (अइसीएअइ) द्वारा जारी भारतीय लेखा मानकों के ऄंतगतय जित्तीय ठरपोर्टटग के जलए
संकल्पनात्मक काय-यपद्धजत (संकल्पनात्मक काय-यपद्धजत) म ें दी गयी अजस्ट्तयों और दाजयत्िों की
पठरभार्ाओं को परू ा करना चाजहए। ईदाहरणाथय, एक ऄजधग्रहजणजत की गजतजिजधयों स े हटने की योजना
को लाग ू करन े के जलए ऄजधग्रहणकताय लागतों को भजिष्य म ें खचय करन े की अिा तो करता ह ैलेदकन ईसके
जलए बाध्य नहीं ह ै या िह ऄजधग्रहजणजत के कमयचाठरयों की सेिाओं के समापन या पुनस्ट्थायपन को
ऄजधग्रहण जतजथ पर दाजयत्ि नहीं मानेगा। ऄत:ऄजधग्रहणकताय ईन लागतों को ऄजधग्रहण जिजध लाग ू करन े
के एक भाग के रूप म ें मान्यता नहीं दते ा। बजल्क, ऄजधग्रहणकता य ऄन्य भारतीय लेखा मानकों के ऄनुसार
आन लागतों को संयोजन के पश्चात् जित्तीय जििरणों म ें मान्यता देता ह।ै ”;
(ii) ऄनुच्छेद 14 के स्ट्थान पर, जनम्नजलजखत को रखा जाएगा, ऄथायत:्
“14 ऄनुच्छेद ख31-ख40 ऄमूतय अजस्ट्तयों की मान्यता पर ददिा-जनदेि प्रदान करत े ह।ैं ऄनुच्छेद 21क-28ख
पहचान योग्य अजस्ट्तयों और दाजयत्िों के प्रकार जिजनर्ददष्ट करते ह ैं जजनम ें िे मद ें भी सजममजलत ह ै जजनके जलए यह
भारतीय लेखा मानक जसद्धांत ि ितों की मान्यता हते ु सीजमत ऄपिाद प्रदान करता ह।ै ”;
(iii) ऄनच्ु छेद 21 के स्ट्थान पर, जनम्नजलजखत को रखा जाएगा, ऄथायत:्
“21 यह भारतीय लेखा मानक ऄपने मान्यता और माप के जसद्धान्तों के सीजमत ऄपिाद प्रदान करता ह।ै
ऄनुच्छेद 21क-31क दोनों ही जिजिष्ट मदों, को जिजनर्ददष्ट करते ह ैं जजनके जलए ऄपिाद ह ैं और ईन ऄपिादों की
प्रकृजत क्या ह।ै ऄजधग्रहणकता य ऄनुच्छेद 21क-31क में िर्षणत ऄपेिाओं को लागू करते हुए ईनका लेखा करेगा,
जजसके पठरणामस्ट्िरूप कुछ मद ेंआस प्रकार होंगीं:[भाग II—खण् ड 3(i)] भारत का राजपत्र : ऄसाधारण 3
(क) या तो ऄनुच्छेद 11 और 12 म ें दी गयी ितों के ऄजतठरि मान्यता ितों को लाग ू करत े हुए, या दिर, ऄन्य भारतीय
लेखा मानकों की ऄपेिाओं का प्रयोग करत े हुए मान्यता दी जाएगी, जो मान्यता जसद्धान्त या ितों के लाग ू करन े स े
जभन्न पठरणाम देता ह।ै
(ख) ईनकी ऄजधग्रहण-जतजथ के ईजचत मूल्यों से जभन्न राजि पर मापी गयी।
मान्यता जसद्धान्त के ऄपिाद.-
भारतीय लखे ा मानक 37 ऄथिा भारतीय लखे ा मानक 37 के पठरजिष्ट ग, ईदग्रहण (लिेी) के कायिय त्रे के ऄन्तगतय
अन े िाल ेदाजयत्ि और अकजस्ट्मक दाजयत्ि
21क ऄनुच्छेद-21ख भारतीय लेखा मानक 37 प्रािधान, अकजस्ट्मक दाजयत्ि और अकजस्ट्मक अजस्ट्तया ंया
भारतीय लेखा मानक 37 के पठरजिष्ट ग, ईदग्रहण (लेिी), के काययिेत्र के ऄन्तगतय होंगी यदद िे व्यािसाजयक
संयोजन द्वारा ग्रहण न होकर ऄलग स े ईपगत दाजयत्िों और अकजस्ट्मक दाजयत्िों पर लागू होगा।
21ख संकल्पनात्मक काययपद्धजत ‘भूतकाल की घटनाओं के िलस्ट्िरूप, एक अर्षथक संसाधन को ऄन्तरण करन े
का एक प्रजतष्ठान का ितयमान दाजयत्ि’ को पठरभाजर्त करती ह।ै भारतीय लेखा मानक 37 के काययिेत्र के ऄधीन
दकसी ईपबंध या अकजस्ट्मक दाजयत्ि के जलए, ऄजधग्रहणकत्ताय भारतीय लेखा मानक 37 के ऄनुच्छेदों 15-22 का
प्रयोग ऄजधग्रहण की जतजथ को भूतकाल की घटनाओं के िलस्ट्िरूप एक ितयमान बाध्यता मौजूद ह ै या नहीं,
जनजश्चत करन े के जलए करेगा। भारतीय लेखा मानक 37 के पठरजिष्ट-ग के काययिेत्र के ऄन्तगतय ईदग्रहण (लेिी) के
मामले म ेंऄजधग्रहणकताय, ऄजधग्रहणकत्ताय भारतीय लेखा मानक 37 के पठरजिष्ट ‘ग’ का प्रयोग ऄजधग्रहण जतजथ तक
ईदग्रहण (लेिी) संदत्त करन े के दाजयत्ि को ईत्त्पन्न करन े िाली बाध्यकारी घटना को जनजश्चत करन े के जलए
करेगा।”;
21ग ऄनुच्छेद 21ख के ऄनुसरण म ें ऄजभज्ञात की गइ ितयमान बाध्यता ऄनच्ु छेद 22(ख) म ें जनधायठरत
अकजस्ट्मक दाजयत्ि की पठरभार्ा को पूरा कर सकती ह।ै यदद ऐसा होता ह ै तो ईस अकजस्ट्मक दाजयत्ि पर
ऄनुच्छेद 23 लाग ू होगा।”;
(iv) ऄनुच्छेद 22 स े संबंजधत िीर्यक के स्ट्थान पर, जनम्नजलजखत को रखा जाएगा, ऄथायत:् -
“अकजस्ट्मक दाजयत्ि और अकजस्ट्मक अजस्ट्तया”ं
(v) ऄनुच्छेद 22 म,ें प्रारंजभक ऄनच्ु छेद, जो भारतीय लेखा मानक 37 स े िुरू होता ह ैं और पठरभाजर्त करता ह ै पर
समाप्त होता ह,ै के स्ट्थान पर, जनम्नजलजखत को रखा जाएगा, ऄथायत:् -
“22 भारतीय लेखा मानक 37, अकजस्ट्मक दाजयत्ि को आस प्रकार पठरभाजर्त करता ह:ै”;
(vi) ऄनुच्छेद 23 के स्ट्थान पर, जनम्नजलजखत को रखा जाएगा, ऄथायत्:-
“23 ऄजधग्रहणकत्ताय ऄजधग्रहण जतजथ पर एक व्यािसाजयक संयोजन म ें ग्रहण दकए गए अकजस्ट्मक
दाजयत्ि जो भूतकाल की घटनाओं स े ईत्पन्न एक ितयमान बाध्यता ह ै और जजसकी जिश्वसनीयता पर ईजचत
मूल्य लगाया जा सकता ह,ै को मान्यता देगा। ऄत:, भारतीय लेखा मानक 37 के ऄनुच्छेद 14(ख), 23,
27, 29 एि ं 30 के प्रजतकूल, ऄजधग्रहणकत्ताय अर्षथक लाभों के साथ सजन्नजहत संसाधनों का बजहप्रयिाह
बाध्यता के जनपटान के जलए ऄपेजित न होत े हुए भी ऄजधग्रहण जतजथ पर ग्रहण दकए गए अकजस्ट्मक4 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(i)]
दाजयत्ि को मान्यता देगा। आस भारतीय लेखा मानक का ऄनच्ु छेद 56 अकजस्ट्मक दाजयत्िों के ईत्तरिती
लेखा पर ददिा-जनदेि प्रदान करेगा।”;
(vii) ऄनुच्छेद 23 के पश्चात,् जनम्नजलजखत को ऄंत:स्ट्थाजपत दकया जाएगा, ऄथायत:् -
“23क भारतीय लेखा मानक 37 एक अकजस्ट्मक अजस्ट्त को भूतकाल की घटनाओं स े ईत्पन्न एक
संभाजित अजस्ट्त जजसके ऄजस्ट्तत्ि की पुजष्ट एक या एक स े ऄजधक ऄजनजश्चत भजिष्य की ऐसी घटनाओं जो
प्रजतष्ठान के पूण य जनयंत्रण म ें नहीं ह ै के होन े या न होन े स े होगी के रूप म ें पठरभाजर्त करता ह ै
ऄजधग्रहणकत्ताय दकसी अकजस्ट्मक अजस्ट्त को ऄजधग्रहण जतजथ पर मान्यता नहीं दगे ा।”;
(viii) ऄनुच्छेद 64त के पश्चात,् जनम्नजलजखत ऄंत:स्ट्थाजपत दकया जाएगा, ऄथायत:् -
“64थ संकल्पनात्मक काय-य पद्धजत के संदभय म ें ऄनुच्छेद 11, 14, 21, 22 ि 23 संिोजधत दकए गए ह ैं
और ऄनच्ु छेद 21क, 21ख, 21ग, ि 23क जोडे गए ह।ैं कोइ प्रजतष्ठान आन संिोधनों को ईन व्यािसाजयक
संयोजनों पर लाग ू करेगा जजनकी ऄजधग्रहण जतजथ, प्रथम िार्षर्क ठरपोर्टटग ऄिजध 1 ऄप्रलै , 2022 को या
आसके बाद अरंभ होती ह।ै ”।
(ग) “भारतीय लेखा मानक (आंड एएस) 109” म,ें -
(i) ऄनुच्छेद 7.1.9 के स्ट्थान पर, जनम्नजलजखत को रखा जाएगा, ऄथायत:् -
“7.1.9 भारतीय लेखा मानकों म ेंिार्षर्क सुधार (2021) द्वारा ऄनच्ु छेद 7.2.35 ि ख3.3.6क जोडे
गए ह ैं और ऄनच्ु छेद ख3.3.6 को संिोजधत दकया गया ह।ै कोइ प्रजतष्ठान आन संिोधन को 1 ऄप्रैल, 2022 स े
या आसके बाद स े अरंभ होन े िाली िार्षर्क ठरपोर्टटग ऄिजध के जलए लाग ू करेगा।”;
(ii) “7.2.35 – 7.2.42 [पठरजिष्ट 1 देख]ें ,” ऄंकों, कोष्ठकों एिं िब्दों के स्ट्थान पर, जनम्नजलजखत को रखा जाएगा,
ऄथायत:् -
“भारतीय लखे ा मानकों म ेंिार्षर्क सधु ार (2021) के जलए सक्रं मण
“7.2.35 कोइ प्रजतष्ठान भारतीय लेखा मानकों म ें िार्षर्क सुधार (2021) को प्रजतष्ठान द्वारा संिोधन को
प्रथम बार लागू करन े िाली िार्षर्क ठरपोर्टटग ऄिजध के अरंभ होने पर या ईसके पश्चात ् संिोजधत ऄथिा
जिजनयजमत दकए गए जित्तीय दाजयत्िों पर लाग ू करेगा।
7.2.36-7.2.42 [पठरजिष्ट 1 दखे ें]”;
(iii) पठरजिष्ट ख में,-
(क) ऄनुच्छेद ख3.3.6 के स्ट्थान पर, जनम्नजलजखत को रखा जाएगा, ऄथातय :् -[भाग II—खण् ड 3(i)] भारत का राजपत्र : ऄसाधारण 5
“ख 3.3.6 ऄनुच्छेद 3.3.2 के प्रयोजन के जलए, ितें ऄजधकांितया जभन्न होती ह ै यदद नइ ितों के
ऄन्तगयत नकदी प्रिाह का बट्टागत ितयमान मल्ू य, मलू प्रभािी ब्याज दर का प्रयोग करते हुए प्राप्त और
बट्टागत िल्ु क धारक िुद्ध प्रदत्त दकसी भी िल्ु क सजहत, मूल जित्तीय दाजयत्ि के िेर् नकदी प्रिाहों के
बट्टागत ितयमान मल्ू य स े कम स े कम 10 प्रजतित जभन्न ह।ै संददत्त दकए गए िुल्क म ें स े प्राप्त िुल्क
घटाकर जो िल्ु क िर्े रहता ह ै ईसके जनधायरण के जलए एक ईधारकत्ता,य केिल ऋणदाता ि ईधारकता य
के बीच ददए गए या प्राप्त दकए गए िुल्क को ही सजममजलत करेगा और आसम ें ईधारकत्ता य या ऋणदाता
द्वारा दकसी ऄन्य की ओर स े संदाय या प्राप्त िल्ु क भी सजममजलत ह।ै ”;
(ख) ऄनच्ु छेद ख3.3.6 के बाद, जनम्नजलजखत को ऄंत:स्ट्थाजपत दकया जाएगा, ऄथायत:् -
“ख3.3.6क यदद ऋण जलखतों के जिजनमय ऄथिा ितों में ईपांतरण को समापन के रूप
म ें जहसाब म ें जलया जाता ह ै तो कोइ भी लागतों ऄथिा संददत्त िुल्कों को समापन पर लाभ या
हाजन के भाग के रूप म ें मान्यता दी जाएगी। लेदकन यदद जिजनमय या ईपांतरण को समापन के
रूप म ें लेखांदकत नहीं दकया जाता ह ै तो कोइ भी व्यय की गयी लागतें या संददत्त िुल्क दाजयत्ि
की ऄग्रणीत राजि म ें समायोजजत होगी और ईपांतठरत दाजयत्ि की िेर् ऄिजध के दौरान
पठरिोजधत होगी।”
(घ) “भारतीय लेखा मानक (आंड एएस) 16” में,-
(i) ऄनुच्छेद 17 के ईपमद (ङ) के स्ट्थान पर, जनम्नजलजखत को रखा जाएगा, ऄथायत:्
“(ङ) क्या अजस्ट्त िीक से कायय कर रही ह,ै आसकी परीिण जाचं करिाने की लागतें जजनमें स्ट्थल पर अजस्ट्त
को लाने और कायय योग्य बनाने के समय जो ईत्पादन दकया गया ह ै ईसकी जबक्री को घटाया जाएगा
[जैसेदक परीिण के दौरान हुअ नमूना (सैमपल) का ईत्पदन]। परीिण जांच की लागत स े ईत्पादन के
मदों की जबक्री के अजधक्य को लाभ या हाजन म ें मान्यता नहीं दी जाएगी, ककत ु प्रत्यि रूप स े अरोप्य
लागत से घटाकर, समपजत्त, संयत्रं ि ईपस्ट्कर की मद की लागत का भाग समझा जाएगा।”;
(ii) पठरजिष्ट 1 म,ें ऄनुच्छेद 7 के पश्चात,् जनम्नजलजखत को ऄतं :स्ट्थाजपत दकया जाएगा, ऄथायत:्-
“8. मइ, 2020 में, अइ.ए.एस.बी द्वारा अइ.ए.एस 16 म ें संिोधन जारी दकए गए जो िांजछत प्रयोग म ें
लान े से पहल े की जबक्री पर प्रजतष्ठान को संपजत्त, संयत्र ि ईपस्ट्कर की एक मद की लागत से एक अजस्ट्त
को जििेर् स्ट्थल तक लाने या प्रबंधन द्वारा िांजछत तरीके से पठरचालन योग्य बनान े हते ु मदों की जबक्री
का घटक करना जनर्ेध करते ह।ै आस संिोधन द्वारा अइएएस 16 के ऄनच्ु छेद 20क, 74क, 80घ ि 81ढ़
जोडे गए ह ैंतथा ऄनुच्छेद 17(ङ) ि 74 संिोजधत दकए गए ह।ैं यह संिोधन भारतीय लेखा मानक 16 म ें
नहीं दकए गए ह,ैं तथाजप, ऄनुच्छेद 17(ङ) को यह स्ट्पष्ट करने के जलए संिोजधत दकया गया ह ै दक
परीिण जांच की लागत से ईत्पादन के मदों की जबक्री के अजधक्य को लाभ या हाजन म ें मान्यता नहीं दी
जाएगी, ककतु प्रत्यि रूप से अरोप्य लागत से घटाकर, समपजत्त, संयंत्र ि ईपस्ट्कर की मद की लागत का
भाग समझा जाएगा।”
(ङ) “भारतीय लेखा मानक (आंड एएस) 37” में:-6 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(i)]
(i) ऄनुच्छेद 68 के बाद, जनम्नजलजखत को ऄतं :स्ट्थाजपत दकया जाएगा, ऄथातय :् -
“68क एक ऄनुबंध की पूर्षत (जनष्पादन) की लागत म ें ऄनुबंध स े सीधे संबंजधत लागत होती ह।ैं आनम ें
जनम्नजलजखत दोनों लागत ें होती ह:ैं-
(क) ऄनुबंध की पूर्षत की िृजद्धिील लागत ें जैसेदक, प्रत्यि श्रम ि सामजग्रयां; और
(ख) ऄनुबंधों की पूर्षत से सीध े संबंजधत ऄन्य लागतों का अबंटन - ईदाहरण के जलए ऄन्य ऄनुबंधों के
साथ कुल ऄनुबंध की पूर्षत म ें प्रयुि समपजत्त, संयंत्र ि ईपस्ट्कर की मद के मल्ू यह्रास प्रभार का
अबंटन।”;
(ii) ऄनुच्छेद 69 के स्ट्थान पर, जनम्नजलजखत को रखा जाएगा, ऄथायत्:-
“69 दभू र ऄनुबंध के जलए ऄलग ईपबंध करन े स े पूिय, एक प्रजतष्ठान ईस ऄनुबंध की पूर्षत के जलए प्रयिु
अजस्ट्तयों पर दकसी िजतग्रस्ट्तता हाजन का पता लगाता ह।ै (देख ेंभारतीय लेखा मानक 36)।”;
(iii) ऄनुच्छेद 94 के बाद, जनम्नजलजखत सजममजलत दकया जाएगा, ऄथायत:् -
“94क दभू र ऄनुबंध –ऄनुबंध की पूर्षत की लागतें द्वारा ऄनुच्छेद 68क जोडा गया ि ऄनुच्छेद 69
संिोजधत दकया गया ह।ै कोइ प्रजतष्ठान आन संिोधनों को ईन ऄनुबंधों पर लागू करेगा जजन के जलए ईसने ईस
िार्षर्क ठरपोर्टटग ऄिजध के अरंभ म ें ऄपनी सभी बाध्यताए ं ऄभी तक पूरी नहीं की ह ैं और ईस ऄिजध म ें िह
आन संिोधनों को पहली बार लागू कर रहा ह ै (प्रारंजभक प्रयोग की जतजथ) । िह प्रजतष्ठान तलु नात्मक जानकारी
का पुनकयथन नहीं करेगा। बजल्क, प्रजतष्ठान संिोधन के प्रारंजभक प्रयोग की जतजथ पर, ईन सिं ोधनों को पहली
बार लाग ू करन े म ें संचयी प्रभाि को प्रजतधाठरत अय के प्रारंजभक िेर् म ें या सामया के ऄन्य घटक म,ें जो भी
ईपयुि हो, समायोजन के रूप म ें मान्यता दगे ा।”;
(iv) ऄनुच्छेद 104 के बाद, जनम्नजलजखत सजममजलत दकया जाएगा, ऄथायत:् -
“105 दभू र ऄनुबंध-ऄनुबंध की पूर्षत की लागत द्वारा ऄनुच्छेद 68क ि 94क स े जोडे गए ह ैं एिं
ऄनुच्छेद 69 संिोजधत दकया गया ह।ै कोइ प्रजतष्ठान आन संिोधनों को 1 ऄप्रैल, 2022 स े या आसके बाद
प्रारंभ होने िाल े ईन ठरपोर्टटग ऄिजधयों के जलए लागू करेगा।”
(च) “भारतीय लेखा मानक (आंड एएस) 41” म:ें -
(i) ऄनुच्छेद 22 के स्ट्थान पर, जनम्नजलजखत को रखा जाएगा, ऄथायत:् -
“22 कोइ प्रजतष्ठान िसल की कटाइ के बाद, अजस्ट्तयों के जित्त-पोर्ण, या जैजिक अजस्ट्तयों की
पुनयस्ट्थापना के जलए दकसी भी नकदी प्रिाह को सजममजलत नहीं करेगा। (जैस े दक, िसल की कटाइ के बाद
िन म ें पादप के पुनरोपण की लागत)।”;
(ii) ऄनुच्छेद 64 के बाद, जनम्नजलजखत को ऄंत:स्ट्थाजपत दकया जाएगा, ऄथायत:् -[भाग II—खण् ड 3(i)] भारत का राजपत्र : ऄसाधारण 7
“65 भारतीय लेखा मानकों म ेंिार्षर्क सुधार (2021) द्वारा ऄनुच्छेद 22 संिोजधत दकया गया ह।ै
कोइ प्रजतष्ठान ईस संिोधन को 1 ऄप्रैल 2022 को ऄथिा आसके बाद प्रारमभ होने िाल े प्रथम िार्षर्क
ठरपोर्टटग ऄिजध के ईजचत मूल्य मापन पर प्रयोग करेगा।”
[िा.स.ं 01/01/2009-सीएल.V(पाट.यXI)]
के.िी.अर. मूर्षत, संयुि सजचि
ठटप्पण: मूल जनयम, भारत के राजपत्र, ऄसाधारण, भाग II, खंड 3, ईपखडं (i) म ें ऄजधसूचना संख्या सा.का.जन.111(ऄ)
ददनांक 16 िरिरी, 2015 द्वारा प्रकाजित दकए गए और पश्चातिती संख्या सा.का.जन.365(ऄ) ददनांक 30 माच,य 2016,
ऄजधसूचना संख्या सा.का.जन.258(ऄ), ददनांक 17 माच,य 2017, संख्या सा.का.जन. 310(ऄ) ददनांक 28 माच,य 2018,
संख्या सा.का.जन. 903(ऄ), ददनांक 20 जसतंबर, 2018, सख्ं या सा.का.जन. 273(ऄ) ददनांक 30 माच,य 2019, संख्या
सा.का.जन. 274(ऄ), ददनांक 30 माच,य 2019, सख्ं या सा.का.जन. 463(ऄ), ददनांक 24 जुलाइ, 2020 और संख्या
सा.का.जन. 419(ऄ), ददनांक 18 जून, 2021 द्वारा आनम ें संिोधन दकए गए।
*******
MINISTRY OF CORPORATE AFFAIRS
NOTIFICATION
New Delhi, the 23rd March, 2022
G.S.R 255(E).——In exercise of the powers conferred by section 133 read with section
469 of the Companies Act, 2013 (18 of 2013), the Central Government, in consultation with the
National Financial Reporting Authority, hereby makes the following rules further to amend the
Companies (Indian Accounting Standards) Rules, 2015, namely:-
1. Short title and commencement.-(1) These rules may be called the Companies (Indian
Accounting Standards) Amendment Rules, 2022.
(2) They shall come into force with effect from 1st day of April, 2022.
2. In the Companies (Indian Accounting Standards) Rules, 2015, in the ―Annexure‖, under the
heading ―B. Indian Accounting Standards (Ind AS)‖,-
(A) in ―Indian Accounting Standard (Ind AS) 101‖, -
(i) after paragraph 39AF, the following shall be inserted, namely:-
―39AG Annual Improvements to Ind AS (2021), amended paragraph D1(f) and added
paragraph D13A. An entity shall apply that amendment for annual reporting
periods beginning on or after 1st April, 2022.‖;
(ii) in Appendix D, in paragraph D1, for sub-item (f), the following shall be substituted,
namely:-
―(f) cumulative translation differences (paragraphs D12–D13A); ";
(iii) in Appendix D, after paragraph D13, the following shall be inserted, namely:-8 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(i)]
―D13A Instead of applying paragraph D12 or paragraph D13, a subsidiary that uses the
exemption in paragraph D16(a) may elect, in its financial statements, to
measure cumulative translation differences for all foreign operations at the
carrying amount that would be included in the parent‘s consolidated financial
statements, based on the parent‘s date of transition to Ind ASs, if no
adjustments were made for consolidation procedures and for the effects of the
business combination in which the parent acquired the subsidiary. A similar
election is available to an associate or joint venture that uses the exemption in
paragraph D16(a).‖
(B) in ―Indian Accounting Standard (Ind AS) 103‖, -
(i) for paragraph 11, the following shall be substituted, namely:-
―11 To qualify for recognition as part of applying the acquisition method, the
identifiable assets acquired and liabilities assumed must meet the definitions of
assets and liabilities in the Conceptual Framework for Financial Reporting
under Indian Accounting Standards (Conceptual Framework) issued by the
Institute of Chartered Accountants of India at the acquisition date. For
example, costs the acquirer expects but is not obliged to incur in the future to
effect its plan to exit an activity of an acquiree or to terminate the employment
of or relocate an acquiree‘s employees are not liabilities at the acquisition date.
Therefore, the acquirer does not recognise those costs as part of applying the
acquisition method. Instead, the acquirer recognises those costs in its post-
combination financial statements in accordance with other Ind AS.‖;
(ii) for paragraph 14, the following shall be substituted, namely:-
―14 Paragraphs B31–B40 provide guidance on recognising intangible assets.
Paragraphs 21A–28B specify the types of identifiable assets and liabilities that
include items for which this Ind AS provides limited exceptions to the
recognition principle and conditions.‖;
(iii) for paragraph 21, the following shall be substituted, namely:-
―21 This Ind AS provides limited exceptions to its recognition and measurement
principles. Paragraphs 21A–31A specify both the particular items for which
exceptions are provided and the nature of those exceptions. The acquirer shall
account for those items by applying the requirements in paragraphs 21A–31A,
which will result in some items being-
(a) recognised either by applying recognition conditions in addition to
those in paragraphs 11 and 12 or by applying the requirements of other
Ind ASs, with results that differ from applying the recognition principle
and conditions.
(b) measured at an amount other than their acquisition-date fair values.
Exceptions to the recognition principle.-[भाग II—खण् ड 3(i)] भारत का राजपत्र : ऄसाधारण 9
Liabilities and contingent liabilities within the scope of Ind AS 37 or
Appendix C, Levies, of Ind AS 37
21A Paragraph 21B applies to liabilities and contingent liabilities that would be
within the scope of Ind AS 37, Provisions, Contingent Liabilities and
Contingent Assets, or Appendix C, Levies, of Ind AS 37 if they were incurred
separately rather than assumed in a business combination.
21B The Conceptual Framework defines a liability as ‗a present obligation of the
entity to transfer an economic resource as a result of past events‘. For a
provision or contingent liability that would be within the scope of Ind AS 37,
the acquirer shall apply paragraphs 15–22 of Ind AS 37 to determine whether at
the acquisition date a present obligation exists as a result of past events. For a
levy that would be within the scope of Appendix C of Ind AS 37, the acquirer
shall apply Appendix C of Ind AS 37 to determine whether the obligating event
that gives rise to a liability to pay the levy has occurred by the acquisition date.
21C A present obligation identified in accordance with paragraph 21B might meet
the definition of a contingent liability set out in paragraph 22(b). If so,
paragraph 23 applies to that contingent liability.‖;
(iv) for the heading relating to paragraph 22, the following shall be substituted, namely:-
“Contingent liabilities and contingent assets”;
(v) in paragraph 22, for the opening paragraph starting with Ind AS 37 and ending with
liability as:, the following shall be substituted, namely:-
―22 Ind AS 37 defines a contingent liability as:‖;
(vi) for paragraph 23, the following shall be substituted, namely:-
―23 The acquirer shall recognise as of the acquisition date a contingent liability
assumed in a business combination if it is a present obligation that arises from
past events and its fair value can be measured reliably. Therefore, contrary to
paragraphs 14(b), 23, 27, 29 and 30 of Ind AS 37, the acquirer recognises a
contingent liability assumed in a business combination at the acquisition date
even if it is not probable that an outflow of resources embodying economic
benefits will be required to settle the obligation. Paragraph 56 of this Ind AS
provides guidance on the subsequent accounting for contingent liabilities.‖;
(vii) after paragraph 23, the following shall be inserted, namely:-
―23A Ind AS 37 defines a contingent asset as ‗a possible asset that arises from past
events and whose existence will be confirmed only by the occurrence or non-
occurrence of one or more uncertain future events not wholly within the control10 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(i)]
of the entity‘. The acquirer shall not recognise a contingent asset at the
acquisition date.‖;
(viii) after paragraph 64P, the following shall be inserted, namely:-
―64Q Reference to the Conceptual Framework, amended paragraphs 11, 14, 21, 22
and 23 and added paragraphs 21A, 21B, 21C and 23A. An entity shall apply
those amendments to business combinations for which the acquisition date is
on or after the beginning of the first annual reporting period beginning on or
after 1st April, 2022.‖.
(C) in ―Indian Accounting Standard (Ind AS) 109‖, -
(i) for paragraph 7.1.9, the following shall be substituted, namely:-
―7.1.9 Annual Improvements to Ind AS (2021), added paragraphs 7.2.35 and B3.3.6A
and amended paragraph B3.3.6. An entity shall apply that amendment for
annual reporting periods beginning on or after 1st April, 2022.‖;
(ii) for the figures, brackets and words, ―7.2.35-7.2.42 [Refer Appendix 1]‖, the following
shall be substituted, namely:-
“Transition for Annual Improvements to Ind AS (2021)
7.2.35 An entity shall apply Annual Improvements to Ind AS (2021) to financial
liabilities that are modified or exchanged on or after the beginning of the
annual reporting period in which the entity first applies the amendment.
7.2.36-7.2.42 [Refer Appendix 1]‖;
(iii) in Appendix B,
(a) for paragraph B3.3.6, the following shall be substituted, namely:-
―B3.3.6 For the purpose of paragraph 3.3.2, the terms are substantially different if the
discounted present value of the cash flows under the new terms, including any
fees paid net of any fees received and discounted using the original effective
interest rate, is at least 10 per cent different from the discounted present value
of the remaining cash flows of the original financial liability. In determining
those fees paid net of fees received, a borrower includes only fees paid or
received between the borrower and the lender, including fees paid or received
by either the borrower or lender on the other‘s behalf.‖;
(b) after paragraph B3.3.6, the following shall be inserted, namely:-
―B3.3.6A If an exchange of debt instruments or modification of terms is accounted for as
an extinguishment, any costs or fees incurred are recognised as part of the gain
or loss on the extinguishment. If the exchange or modification is not accounted
for as an extinguishment, any costs or fees incurred adjust the carrying amount
of the liability and are amortised over the remaining term of the modified
liability.‖.[भाग II—खण् ड 3(i)] भारत का राजपत्र : ऄसाधारण 11
(D) in ―Indian Accounting Standard (Ind AS) 16‖, -
(i) in paragraph 17, for sub-item (e), the following shall be substituted, namely:-
―(e) costs of testing whether the asset is functioning properly, after deducting the net
proceeds from selling any items produced while bringing the asset to that location and
condition (such as samples produced when testing equipment). Excess of net sale
proceeds of items produced over the cost of testing, if any, shall not be recognised in
the profit or loss but deducted from the directly attributable costs considered as part of
cost of an item of property, plant, and equipment; and‖;
(ii) in Appendix 1, after paragraph 7, the following shall be inserted, namely:-
―8. In May, 2020, IASB had issued amendments in IAS 16 on proceeds before
intended use to prohibit an entity from deducting from the cost of an item of property,
plant and equipment the proceeds from selling items produced while bringing an item
of property, plant and equipment to the location and condition necessary for it to be
capable of operating in the manner intended by management. These amendments
added paragraphs 20A, 74A, 80D and 81N and amended paragraphs 17(e) and 74 of
IAS 16. The said amendments have not been made under Ind AS 16, however,
paragraph 17(e) has been amended to clarify that excess of net sale proceeds of items
produced over the cost of testing, if any, shall not be recognised in the profit or loss
but deducted from the directly attributable costs considered as part of cost of an item
of property, plant, and equipment.‖.
(E) in ―Indian Accounting Standard (Ind AS) 37‖, -
(i) after paragraph 68, the following shall be inserted, namely:-
―68A The cost of fulfilling a contract comprises the costs that relate directly to the
contract. Costs that relate directly to a contract consist of both-
(a) the incremental costs of fulfilling that contract—for example, direct labour
and materials; and
(b) an allocation of other costs that relate directly to fulfilling contracts— for
example, an allocation of the depreciation charge for an item of property,
plant and equipment used in fulfilling that contract among others.‖;
(ii) for paragraph 69, the following shall be substituted, namely:-
―69 Before a separate provision for an onerous contract is established, an entity
recognises any impairment loss that has occurred on assets used in fulfilling the
contract (see Ind AS 36).‖;
(iii) after paragraph 94, the following shall be inserted, namely:-
―94A Onerous Contracts—Cost of Fulfilling a Contract, added paragraph 68A and
amended paragraph 69. An entity shall apply those amendments to contracts for
which it has not yet fulfilled all its obligations at the beginning of the annual
reporting period in which it first applies the amendments (the date of initial
application). The entity shall not restate comparative information. Instead, the
entity shall recognise the cumulative effect of initially applying the amendments12 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(i)]
as an adjustment to the opening balance of retained earnings or other component
of equity, as appropriate, at the date of initial application.‖;
(iv) after paragraph 104, the following shall be inserted, namely:-
―105 Onerous Contracts—Cost of Fulfilling a Contract, added paragraphs 68A and
94A and amended paragraph 69. An entity shall apply those amendments for
annual reporting periods beginning on or after 1st April, 2022.‖
(F) in ―Indian Accounting Standard (Ind AS) 41‖, -
(i) for paragraph 22, the following shall be substituted, namely:-
―22 An entity does not include any cash flows for financing the assets or re-
establishing biological assets after harvest (for example, the cost of replanting
trees in a plantation forest after harvest).‖;
(ii) after paragraph 64, the following shall be inserted, namely:-
―65 Annual Improvements to Ind AS (2021), amended paragraph 22. An entity shall
apply that amendment to fair value measurements on or after the beginning of
the first annual reporting period beginning on or after 1st April, 2022.‖
[F. No. 01/01/2009-CL-V (Part. XI)]
K.V.R. MURTY, Jt. Secy.
Note : The principal rules were published in the Gazette of India, Extraordinary, Part II, Section 3,
Sub-section (i), vide number G.S.R. 111(E), dated the 16th February, 2015 and were subsequently
amended vide notifications number G.S.R. 365 (E), dated the 30th March, 2016, number G.S.R.
258(E), dated the 17th March, 2017, number G.S.R. 310(E), dated the 28th March, 2018, number
G.S.R. 903(E), dated the 20th September, 2018, number G.S.R. 273(E), dated the 30th March,
2019, number G.S.R. 274 (E), dated the 30th March, 2019, number G.S.R. 463 (E), dated the 24th
July, 2020 and number G.S.R. 419(E), dated the 18th June, 2021.
Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064
and Published by the Controller of Publications, Delhi-110054.