The International Accounting Standards Board (IASB) has proposed these amendments to address the issues related to the changes made in IAS 27 Consolidated and Separate Financial Statements (as issued in 2008) as part of the Business Combinations project. 

Invitation to comment

ASB invites comments on the said Exposure Draft from the public. The downloadable version of the Document is available at: http://www.ifrs.org/Current-Projects/IASB-Projects/IFRS-10-IAS-28/Exposure-Draft-December-2012/Documents/ED-2012-6.pdf 

Comments would be most helpful if they indicate the specific paragraph or group of paragraphs to which they relate, contain a clear rationale and, where applicable, provide a suggestion for alternative wording. 

Comments should be submitted in writing to the Secretary, Accounting Standards Board, The Institute of Chartered Accountants of India, ICAI Bhawan, Post Box No. 7100, Indraprastha Marg, New Delhi-110002, so as to be received not later than March 20, 2013. Comments can also be sent by e-mail at asb@icai.org oredcommentsasb@icai.org.