Increased information regarding group companies would make the disclosure more stringent and elaborate and will be in line with the international accounting standards. Making the accounting standard mandatory aims to provide the financial information of group companies comprising of parent and its subsidiaries as a single economic entity and to show the economic resources controlled by the group, the obligations of the group and results that the group achieves with the resources. The institute has sought comments on the exposure draft from its members and various organisations like Securities and Exchange Board of India, Reserve Bank of India, Department of Company Affairs and various industry chambers for individual comments before February 1, 2001, before the Accounting Standard is made mandatory by corporates.