Well performed. option 3 is correct 👍 📘 MCA Notification Summary (Phase I: Mandatory from 1st April 2016): Ind AS became mandatory for the following: • All companies listed or in the process of being listed on stock exchanges in India or outside India (excluding SME exchanges). • Unlisted companies having net worth of ₹500 crore or more. • Holding, subsidiary, joint venture or associate companies of the above.