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HiI want to know that what are the criteria to ...

HiI want to know that what are the criteria to be applied for rating a non-corporate entity as Le...

Hi

I want to know that what are the criteria to be applied for rating a non-corporate entity as Level-I entity for the purpose of compliance of Accounting Standards in India.

0
Jeeba Mar. 15, 2018

Non-corporate entities which fall in any one or more of the following categories, at the end of the relevant accounting period, are classified as Level I entities in India.  

(1) Every enterprise which has securities i.e. debt or equity listed or in the process of listing on any stock exchange, whether in India or outside India.

(2) Banks including co-operative banks, financial institutions or entities carrying on insurance business.

(3) All commercial, industrial and business reporting entities, whose turnover exceeds rupees fifty crore in the immediately preceding accounting year.

(4) All commercial, industrial and business reporting entities having borrowings in excess of rupees ten crore at any time during the immediately preceding accounting year.

(5) Holding and subsidiary entities of any one of the above.

Hi

I want to know that what are the criteria to be applied for rating a non-corporate entity as Level-I entity for the purpose of compliance of Accounting Standards in India.

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