Section 62A in The Companies (Indian Accounting Standards) Rules, 2015
62A. Indian Accounting Standards require or permit particular items to be credited or charged directly to equity. Examples of such items are:
(a)an adjustment to the opening balance of retained earnings resulting from either a change in accounting policy that is applied retrospectively or the correction of an error (see Ind AS 8, Accounting Policies, Changes in Accounting Estimates and Errors); and(b)amounts arising on initial recognition of the equity component of a compound financial instrument (see paragraph 23).
