On 12 August 2026, the MCA notified the Companies (Indian Accounting Standards) Amendment Rules, 2026 (Ind AS Amendment Rules 2026) to bring them into closer alignment with corresponding amendments issued by the International Accounting Standards Board (IASB) to the International Financial Reporting Standards (IFRS). These amendments respond to practical application challenges identified through the IASB's post-implementation review of the classification and measurement requirements, along with growing global use of ESG-linked lending, electronic payment systems, and nature dependent electricity contracts. The four key amendments are:
All the amendments are applicable for annual reporting periods beginning on or after 1 April 2026. This issue of First Notes aims to provide an overview of the key amendments to Ind AS notified by the MCA.
In order to access the MCA notification of the Ind AS Amendment Rules, 2026, please click here.
MCA issues amendments to Ind AS
This First Notes provides an overview of amendments to Ind AS issued by MCA
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