Request a Demo

By clicking Submit, you acknowledge that you have read and agree with the Privacy Policy
Contact Info
Unit 266, 267 & 268, Tower B1, Spaze Itech Park Sohna Road Gurugram, Haryana 122018 connect@complinity.com +91 8181 900 600
Follow Us

A Multi-Concept Theme for Digital Agencies and Startups

8181 900 600 Request a Demo Login
logo dark logo light logo
  • Products
    • Compliance Management Software
    • Contract Management Software
    • Secretarial Compliance Software
    • Litigation Management Software
    • Audit Management Software
    • Internal Financial Control Software
    • Enterprise Risk Management Software
  • Pricing
  • Industries
    • Pharmaceutical
    • Hospitality
    • BFSI
    • Manufacturing
    • NBFC
    • Renewable Energy
    • Agriculture
    • ITeS
    • Real Estate
    • Automobile
  • Legal Updates
  • Blogs
  • Videos
  • Downloads
  • Careers
Contact Sales
logo dark logo light logo
  • Products
    • Compliance Management Software
    • Contract Management Software
    • Secretarial Compliance Software
    • Litigation Management Software
    • Audit Management Software
    • Internal Financial Control Software
    • Enterprise Risk Management Software
  • Pricing
  • Industries
    • Pharmaceutical
    • Hospitality
    • BFSI
    • Manufacturing
    • NBFC
    • Renewable Energy
    • Agriculture
    • ITeS
    • Real Estate
    • Automobile
  • Legal Updates
  • Blogs
  • Videos
  • Downloads
  • Careers
Contact Sales
Mobile Logo
  • Products
    • Compliance Management Software
    • Contract Management Software
    • Secretarial Compliance Software
    • Litigation Management Software
    • Audit Management Software
    • Internal Financial Control Software
    • Enterprise Risk Management Software
  • Pricing
  • Industries
    • Pharmaceutical
    • Hospitality
    • BFSI
    • Manufacturing
    • NBFC
    • Renewable Energy
    • Agriculture
    • ITeS
    • Real Estate
    • Automobile
  • Legal Updates
  • Blogs
  • Videos
  • Downloads
  • Careers
Corporate Laws Central Ministry of Finance Companies Act, 2013

Companies (Indian Accounting Standards) Second Amendment Rules, 2024

09-Sep-2024 | G.S.R. 554(E)

MCA has issued the Companies (Indian Accounting Standards) Second Amendment Rules, 2024, effective from 9th September 2024. The key highlights include: 1. Ind AS 116 - Lease Liability in Sale and Leaseback: a. A new paragraph 102A is added, specifying that from the commencement date, a seller-lessee must apply paragraphs 29-35 for the right-of-use asset and paragraphs 36-46 for the lease liability arising from a sale and leaseback transaction. b. The seller-lessee should ensure that no gain or loss related to the right-of-use asset retained is recognized unless there is a partial or full termination of the lease. 2. Appendix C Modifications: a. A new paragraph C1D is introduced, clarifying that amendments related to lease liabilities in sale and leaseback transactions are applicable from 1 April 2024. b. Paragraph C20E is added to ensure retrospective application of the lease liability rules to sale and leaseback transactions occurring after the initial application of Ind AS 116. 3. Illustrative Examples: Appendix D now includes illustrative examples to demonstrate the application of the sale and leaseback provisions, especially for transactions involving fixed payments and those with variable lease payments not dependent on an index or rate. Kindly refer to the document for more information.

Upgrade to paid version to access the Notification, Circular & Rules along with the checklist

Get Legal Updates in your email

Request a Demo

Recent Posts in Corporate Laws

Corporate Laws

SEBI issues press release on “Samajh Se Investing Simple” Campaign under Project Jagrook

05-Oct-2026 | PR No.61/2026

SEBI has issued press release on “Samajh Se Investing Simple” Campaign under Project Jagrook Through this Press Release, The ca

Read More
Corporate Laws

NSE reiterate the circular issued by SEBI regarding Introduction of Credit Risk-o-Meter as an additional disclosure mechanism for debt securities

08-Oct-2026 | NSE/COMP/76794

NSE has reiterated the circular issued by SEBI regarding Introduction of Credit Risk-o-Meter as an additional disclosure mechanism for debt

Read More
Corporate Laws

NSDL reiterate the circular issued by SEBI regarding Master Circular for Debenture Trustees

08-Oct-2026 | NSDL/CIR/II/50/2026

NSDL has reiterated the circular issued by SEBI regarding Master Circular for Debenture Trustees Through this circular, Issuers and RTAs ar

Read More
Corporate Laws

BSE issues circular regarding Cyber Audit on Half Yearly basis for Audit Period ending September 30, 2026

08-Oct-2026 | 20261008-51

BSE has issued circular regarding Cyber Audit on Half Yearly basis for Audit Period ending September 30, 2026 Through this circular, with r

Read More

Recent Posts

Corporate Laws

SEBI issues press release on “Samajh Se Investing Simple” Campaign under Project Jagrook

05-Oct-2026 | PR No.61/2026

SEBI has issued press release on “Samajh Se Investing Simple” Campaign under Project Jagrook Through this Press Release, The ca

Read More
Industry specific-Medical

Government of Chhattisgarh has declared snakebite and death due to snakebite as notifiable diseases

24-Sep-2026 | No. GENCOR/707/2025-HEALTH SECTION-1

The Government of Chhattisgarh has declared snakebite and death due to snakebite as notifiable diseases throughout the State under Sections

Read More
Labour Laws

Bihar Government Notification on Implementation of Section 27 and Schedule VII of the Bihar Ease of Doing Business Act 2026 for Dispensation of Duplicate Licences

09-Oct-2026 | No- DMSME/Deregulation vivid/11/2026-2495—1.

The Department of Industries, Government of Bihar, has notified the implementation of Section 27 read with Schedule VII of the Bihar Ease of

Read More
Taxation

CBIC issues circular regarding clarification on the scope of “Power Bank” for Basic Customs Duty Concession on Battery Energy Storage Systems

09-Oct-2026 | Circular No. 45/2026-customs

CBIC has issued circular regarding clarification on the scope of “Power Bank” for Basic Customs Duty Concession on Battery Energ

Read More
Request a Demo

Request a Demo

By clicking Submit, you acknowledge that you have read and agree with the Privacy Policy

Complinity Logo Transparent

Complinity is a comprehensive cloud-based Compliance Management Software that helps track and monitor statutory and regulatory compliances.

Quick Links
  • Compliance Software
  • Regulatory Compliance Software
  • Statutory Compliance Software
  • Compliance Tracking Software
  • Legal Updates
Contact Info
Unit 266, 267 & 268, Tower B1
Spaze Itech Park, Sohna Road
Gurugram, Haryana 122018
connect@complinity.com
+91 8181 900 600

Request a Demo

© 2026 Complinity Technologies Private Limited. | Privacy Policy | Data Processing Addendum

Design & Developed By  Infinite IT Solutions

Request a Demo

By clicking Submit, you acknowledge that you have read and agree with the Privacy Policy
Powered by EssentialPlugin

Request a Demo

By clicking Submit, you acknowledge that you have read and agree with the Privacy Policy

Thank You for your interest in Complinity. Your CV has been forwarded to HR.
In case your profile is shortlisted, HR shall contact you.