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

2. Definitions. - (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. 1 [ (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. ----------------- Notes:- 1. Inserted vide F. No. 01/01/2009-CL-V(Part) - Dated 30-3-2016