SC: Valid Bareboat Charter Termination Extinguishes Demise Charter, Vessel Arrest Vacated || SC: Absence of Train Ticket No Ground to Deny Compensation for Passenger’s Death || Patna HC: Routine FIR Involvement alone cannot Deny Arms Licence without Safety Threat || Chhattisgarh HC: WhatsApp Chats Proving Mental Cruelty cannot be Ignored on Evidence Grounds || Delhi HC: Foreign Travel Restrictions must not Obstruct Pregnant Foreigner's Medical Care || MP High Court: Article 227 Cannot Be Invoked to Quash Wife’s Conjugal Rights Proceedings || Kerala High Court Issues Directions on Driver Profiling, Bus Regulation and Road Safety || Delhi HC: Prior Permission for Foreign Travel Unjustified When Accused Was Never Arrested || Air India Penalised Rs. 50K Over De-boarding Disabled Woman and Wheelchair Damage || Delhi HC: Muslim Personal Law cannot Shield Sex with Minor Wife from POCSO Case

Implementation of Indian Accounting Standards in insurance sector - (01 Mar 2016)

MANU/IRDA/0006/2016

Insurance

The Ministry of Corporate Affairs advised Insurers to follow Indian Accounting Standards notified under the Companies (Indian Accounting Standards) Rules, 2015, in the specified manner. Insurers shall assess the impact of the Ind AS implementation on their financial position including the adequacy of capital, taking into account the solvency regulations requirements and place quarterly progress reports to their Boards.

Relevant : Circular on Public Disclosures by Insurers MANU/IRDA/0006/2010

Tags : INSURANCE SECTOR IND AS

Share :