Calcutta HC: Cannot Deny Electricity Solely on Ground of Not Furnishing Ownership || Madras HC: Cannot Hold Protests at Whim and Fancies || Bombay HC: March of Development in Mumbai Cannot Trample Heritage Structures || P&H HC: Seriousness of Offence of Drug Trafficking Can’t Trample Constitutional Safeguards || Bombay HC: Cannot Deny ‘Right to Life’ to Accused who is in Custody || Ker HC: Action Must be Taken against Private Nursing Colleges Not Paying Teachers as per Regulations || Kerala HC: Can Make IRCTC Responsible for Managing Waste in Railway Stations || J&K HC: Magistrate Can Revoke Orders or Drop Proceedings if No Case is Made Out || Kerala HC Directs Placing of Draft Guidelines for Dealing With Snake Bites in Schools || J&K HC: Cannot Equate Irregular Appointments with Illegal Appointments

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 :