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Whether the companies covered in the 2nd or 3rd phase for application of the converged Accounting Standards can voluntarily opt to apply the same earlier?

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Whether the companies covered in the 2nd or 3rd phase for application of the converged Accounting Standards can voluntarily opt to apply the same earlier?

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Yes, such companies have the option of early application of the converged Accounting Standards but only for the F.Y 2011-12 or thereafter.

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