SlideShare a Scribd company logo
1 Public Interest Companies Listed company(a
company that has issued debt
or equity instruments in capital
markets ), Subsidiary of
a Listed company ,
Public utility or a
Public sector
company ,Company
holding assets in
fiduciary capacity.
IFRS
2 Large Size Company An UNLISTED
Company having
Paid up capital of
Rs. 200 m(20 Crore)
or more + Turn over
of Rs.1 billion (100
Crore) or more
IFRS
3 Medium Size Company An UNLISTED
Company that is
neither of the other
three categories
defined in the table
IFRS For SMEs
4 Small Size Company An UNLISTED
Company having
Paid up capital not
exceeding Rs.25 m
(2.5 Crore ) +
Turnover not
exceeding Rs.100 m
(10 Crore )
AFRS for SSCs

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IFRS/AFRS(SSEs)/IFRS(SMEs)

  • 1.
  • 2. 1 Public Interest Companies Listed company(a company that has issued debt or equity instruments in capital markets ), Subsidiary of a Listed company , Public utility or a Public sector company ,Company holding assets in fiduciary capacity. IFRS 2 Large Size Company An UNLISTED Company having Paid up capital of Rs. 200 m(20 Crore) or more + Turn over of Rs.1 billion (100 Crore) or more IFRS
  • 3. 3 Medium Size Company An UNLISTED Company that is neither of the other three categories defined in the table IFRS For SMEs 4 Small Size Company An UNLISTED Company having Paid up capital not exceeding Rs.25 m (2.5 Crore ) + Turnover not exceeding Rs.100 m (10 Crore ) AFRS for SSCs

Editor's Notes

  1. Note: 1:In case of large size company, both the conditions should be met simultaneously . 2:Paid up capital means:it includes irredeemable prefernce shares also.
  2. AFRS : ACCOUNTING AND FINANCIAL REPORTING STANDARDS