Ind AS applies based on company size and listing status.

1. Mandatory Applicability:

• From April 1, 2016 → Listed & unlisted companies with net worth ₹500 crore+.
• From April 1, 2017 → All listed companies & unlisted companies with net worth ₹250 crore+.
• From April 1, 2018 → Banks, NBFCs & insurance companies with net worth ₹500 crore+.
• From April 1, 2019 → NBFCs with net worth ₹250 crore+.

2. Voluntary Adoption:

• Any company can opt for Ind AS but cannot switch back to old standards.

3. Not Required for:

• Small companies not meeting the above criteria.
• Some banks & insurance companies (Ind AS implementation under discussion).

Net Worth = (Paid-up Share Capital) + (Reserves & Surplus) – (Accumulated Losses) – (Deferred Expenditure Not Written Off)