Does provisions of ICDS II apply to shares of a company in which public are not substantially interested.

Manual - ICDS II : Valuation of Inventories

Provisions of ICDS II shall not apply to shares of a company in which public are not substantially interested even if these are held as inventory since definition of securities in ICDS VIII specifically includes share of a company in which public are not substantially interested

Dated: 21-8-2017