Accounting Standards Board
The Institute of Chartered Accountants of India
17th April, 2025
Exposure Draft of Contracts Referencing Nature-dependent Electricity: Amendments to Ind AS 109 and Ind AS 107

As you are kindly aware that the Indian Accounting Standards (Ind AS) are based on the IFRS Accounting Standards issued by the International Accounting Standards Board (IASB). In this regard, it may be noted that IFRS Accounting Standards are being issued/revised by the IASB from time to time. As a part of convergence with IFRS Accounting Standards, the Ind AS may be issued/revised corresponding to the IFRS Accounting Standards. Accordingly, whenever any amendments are made or new IFRS Accounting Standard/IFRIC is issued by the IASB, the Accounting Standards Board (ASB) of the ICAI considers those amendments and other related aspects for formulating or amending the corresponding Ind AS.

In this regard, the ASB has issued the following Exposure Draft of Amendments to Ind AS corresponding to amendments in IFRS Accounting Standards for public comments with the last date of comments being May 18, 2025:

Comments on the abovementioned Exposure Draft may be submitted through any of the following modes:  

1. Electronically: Click on http://www.icai.org/comments/asb/ to submit comment online (Preferred method)
2. Email: Comments can be sent to: commentsasb[at]icai[dot]in
3. Postal: Secretary, Accounting Standards Board,
The Institute of Chartered Accountants of India,
ICAI Bhawan, Post Box No. 7100,
Indraprastha Marg, New Delhi 110 002

Further clarifications on the Exposure Draft may be sought by e-mail to asb[at]icai[dot]in.

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