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Rule 5: Qualification for exemption or relaxation in respect of SMC · Complied AI

Chapter 24
Rule 5

Rule 5Chapter 24

Qualification for exemption or relaxation in respect of SMC

An existing company, which was previously not Small and Medium Sized Company (SMC) and subsequently becomes a SMC, shall not be qualified for exemption or relaxation in respect of Accounting Standards available to a SMC until the company remains a SMC for two consecutive accounting periods.

Rule 4 Rule 5 Rule 0