SC: Cheque Dishonour Complaint Can't be Quashed Pre-Trial if Sec 138 NI Act Conditions Met || SC: Personal Hearing Not Required Before Banks Declare Account ‘Fraud’ || Supreme Court Faults UCO Bank For Attempt to Stall Employee’s VRS Through Show Cause Notice || SC: PwD Post in Unreserved Category Can be Filled by SC/ST/OBC Candidates With Disabilities || Delhi HC: FSSAI Has No Authority to Regulate Animal Feed || Gauhati HC: Adult Son Pursuing Studies is Not Entitled to Maintenance under Section 125 CrPC || Cal HC Upholds Divorce, Rules False Cases by Wife And 17-Year Separation Constitute Mental Cruelty || Supreme Court: Calling Someone ‘Bastard’ In Heated Exchange Isn’t Obscenity under IPC Section 294 || Supreme Court: Even a Single Tainted Public Work Award Violates Article 14 || Supreme Court Upholds Lease Cancellation, Denies Relief for Failure to Develop Allotted Land

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 :