SC: Fixed Shares Paid to Association of Persons Members are Taxable as Income, Regardless of Profit  ||  Supreme Court: Wife Pursuing Her Career Cannot be Deemed Cruelty For Hurting Her Husband  ||  Supreme Court: Appeals Must Include Certified Copies of Orders, as E-Filing Alone is Insufficient  ||  Supreme Court: Children Have a Fundamental Right to Receive Education in Their Mother Tongue  ||  Delhi High Court: Employer’s Delhi Head Office Alone Does Not Give Delhi Labour Courts Jurisdiction  ||  Delhi High Court: Labour Courts Cannot Decide Disputed TA/DA Claims under Section 33C(2) of ID Act  ||  J&K&L HC: Rejection of a Representation Does Not Create Fresh Cause of Action in Service Matters  ||  J&K&L HC: Suspension Period Can be Excluded Only For Back Wages and Not For Seniority or Promotion  ||  Supreme Court: SC/ST Act Does Not Apply to Alleged Casteist Abuse Inside a Private House  ||  Supreme Court: Frictionless Relationship Between the Bar and the Bench Strengthens Justice Delivery    

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 :        

Disclaimer | Copyright 2026 - All Rights Reserved