Rule - 2, The Companies (Indian Accounting Standards) Rules, 2015

(1) In these rules, unless the context otherwise requires,-(a) “Accounting Standards” means the standards of accounting, or any addendum thereto for companies or class of companies as specified in rule 3;

(b) “Act” means the Companies Act, 2013 (18 of 2013);

(c) “Annexure” in relation to these rules means the Annexure containing the Indian Accounting Standards (Ind AS) appended to these rules;

(d) “entity” means a company as defined in clause (20)of Section 2 of the Act;

(e) “financial statements” means financial statements as defined in clause (40) of Section 2 of the Act;

(f) “Net worth” shall have the meaning assigned to it in clause (57) of Section 2 of the Act.

a[(g) Non-Banking Financial Company” means a Non-Banking Financial Company as defined in clause (f) of section 45-I of the Reserve Bank of India Act, 1934 and includes Housing Finance Companies, Merchant Banking companies, Micro Finance Companies, Mutual Benefit Companies, Venture Capital Fund Companies, Stock Broker or Sub-Broker Companies, Nidhi Companies, Chit Companies, Securitisation and Reconstruction Companies, Mortgage Guarantee Companies, Pension Fund Companies, Asset Management Companies and Core Investment Companies.]

(2) Words and expressions used herein and not defined in these rules but defined in the Act shall have the same meaning respectively assigned to them in the Act.