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Clarification Regarding Your Email Dated September 12, 2017 For Non Applicability Of IND-AS To KJMC Corporate Advisors (India) Limited

| Updated on February 01, 2018 Published on September 14, 2017

In terms of SEBI circular no. CIR/CFD/FAC/62/2016 dated July 5,2016 and Rule 2 (1) (g) & 4 (1) (iv) of the Companies (Indian Accounting Standards) Rules, 2015 read with Companies (Indian Accounting Standards) (Amendment) Rules, 2016 on the captioned subject, we wish to inform you that KJMC Corporate Advisors (India) Limited is a SEBI registered Merchant Banking Company which falls under the Non-Banking Financial Companies (NBFCs) category in terms of Rule 2 (1) (g) of the Companies (Indian Accounting Standards) Rules, 2015 read with Companies (Indian Accounting Standards) (Amendment) Rules, 2016.As per the notification dated March 30, 2016 issued by Ministry of Corporate Affairs, the NBFCs whose equity or debt securities are listed on any stock exchange in India or outside India and having net worth less than Rs. 500 crore shall comply with the Indian Accounting Standards (Ind AS) for accounting periods beginning on or after April 01, 2019.

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Source : BSE - www.bseindia.com

Published on September 14, 2017
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