India is converging to International Financial Reporting Standards (IFRS). The document asks for an opinion note on India's convergence to IFRS and detailed notes on four specific IFRS standards - IAS 1 on presentation of financial statements, IAS 16 on property, plant and equipment, IAS 32, 39 and IFRS 7 on financial instruments, and IFRS 2 on share-based payments - and the impact of each on financial statements. The notes are requested by Mr. Mandar Godbole at SIMS.