Insurance Fund income accounting directs interest, rent, and investment gains or losses to be credited or debited to the Fund. Interest, rent and other income realised from the Insurance Fund, together with any net profits or losses arising from the sale of investments, are to be credited or debited to the Insurance Fund. The provision excludes transactions of the Insurance Fund Central Administration Account from this accounting treatment.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Insurance Fund income accounting directs interest, rent, and investment gains or losses to be credited or debited to the Fund.
Interest, rent and other income realised from the Insurance Fund, together with any net profits or losses arising from the sale of investments, are to be credited or debited to the Insurance Fund. The provision excludes transactions of the Insurance Fund Central Administration Account from this accounting treatment.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.