Supreme Court Allows Cross-Examination on Brand Use Despite Written Statement Not Being on Record || Supreme Court: Enquiry Needed Before Dismissal for Suppressing Criminal Antecedents || Supreme Court: Trading While Holding Confidential Information Indicates Insider Trading || Supreme Court Explains Four-Step Test to Quash Criminal Cases Using Defence Material || Supreme Court Acquits Man in Minor Rape Case, Flags HC's Medical Evidence Lapse || Bombay HC: Minor’s Inability to Describe Sexual Act No Ground to Reject Her Testimony || Delhi HC: Wife’s Interim Maintenance Cannot be Based Solely on Husband’s Income || Calcutta HC: SLSA Cannot Adopt ‘Big Brother’ Approach Over Adult Victims’ Compensation || Allahabad HC: Further Investigation Permissible Even After Final Report is Accepted || Allahabad HC: Court-Directed Award Cannot be Challenged for Not Computing Market Value

Timeframe for implementation of Ind AS for scheduled commercial banks- (Ministry of Corporate Affairs) (11 Feb 2016)

MANU/RMIC/0022/2016

Banking

The Reserve Bank of India notified scheduled commercial banks are required to comply with Indian Accounting Standards (Ind AS) for accounting periods beginning 1 April, 2018. Ind AS shall be applicable to both standalone financial statements and consolidated financial statements. It can be applied only as per timelines specified and advance adoption is not permitted.

Tags : INDIAN ACCOUNTING STANDARDS COMMERCIAL BANKS IMPLEMENTATION

Share :