Supreme Court Rejects Plea to Abolish Hanging, Says Centre Can Explore Alternative Methods || Supreme Court: Sentences With Life Imprisonment Must Run Concurrently, Not Consecutively || SC: Insurer Not Liable Beyond Sum Assured Without Advance Premium Payment || Supreme Court: Illegal Appointments Cannot Be Regularised Due to Long Service || SC: Courts Should Not Interfere Late in Tender Processes; Challenges Must Be Prompt || Delhi HC: UAPA Default Bail Triggered after 180 Days, Not 90 under BNSS || Madras HC: No Place for Caste Discrimination in Temples, God Treats All Equally || Bombay HC: Public Authorities Need Not Obtain Third-Party Information for RTI Applicants || Delhi HC Levies Rs.5 Lakh Costs on Delhi Metro Rail Corporation Limited over Sham Plea || Delhi HC: False Marriage Promise Invalidates Consent Only if it Taints Consent

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 :