Section 5(3) in The Companies (Indian Accounting Standards) Rules, 2015
(3)The Indian Accounting Standards include paragraphs set in bold italic type and plain type, which have equal authority. Paragraphs in bold italic type indicate the main principles. An individual Indian Accounting Standard shall be read in the context of the objective, if stated, in that Indian Accounting Standard and in accordance with these General Instructions.B. Indian Accounting Standards (Ind AS)Indian Accounting Standard (Ind AS) 101First-time Adoption of Indian Accounting Standards(This Indian Accounting Standard includes paragraphs set in bold type and plain type, which have equal authority. Paragraphs in bold type indicate the main principles.)Objective
