Delhi HC: Saying “Maro Sale Ko” During a Fight Alone Does Not by Itself Establish Intent to Kill || Delhi HC Ordered Removal of Fake News About Judges’ London Badminton Event, Restrained its Sharing || Bombay HC: Calling Police over Routine Transfers or External Complaints is Misconduct || Delhi HC Upheld EC’s Decision Banning Political Ads in the Delhi Metro During Model Code of Conduct || Delhi HC: In the Telegram Case Entire Social Media Platforms Can Be Blocked U/S 69A of the IT Act || Supreme Court: Pedestrians' Right to Footpaths Cannot be Overridden by Motorists || Supreme Court: Financier Cannot Seek Insurance For a Vehicle Surrendered by its Owner || Madhya Pradesh High Court: Victims Must be Given a Hearing Even Before Closure Report Rejection || Delhi HC: Payment of ‘Pagri’ Does Not Render Tenancy Non-Terminable, Allowing Eviction || Ker HC Examined Whether Electro-Homeopathy Can be Practised Without Registration under Medical Laws

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 :