01.03.2016

Insurance

Implementation of Indian Accounting Standards in insurance sector

MANU/IRDA/0006/2016

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

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