Section 54 in The Companies (Indian Accounting Standards) Rules, 2015
54. In general, an acquirer shall subsequently measure and account for assets acquired, liabilities assumed or incurred and equity instruments issued in a business combination in accordance with other applicable Ind ASs for those items, depending on their nature. However, this Ind AS provides guidance on subsequently measuring and accounting for the following assets acquired, liabilities assumed or incurred and equity instruments issued in a business combination:
(a)reacquired rights;(b)contingent liabilities recognized as of the acquisition date;(c)indemnification assets; and(d)contingent consideration.Paragraph B63 provides related application guidance.Reacquired rights
