Obligation to comply with the Indian Accounting Standards (Ind AS) and Rule 4 of Companies (Indian Accounting Standards) Rules, 2015- Payment Banks, Small Finance Banks which are subsidiaries of Corporates -reg.
📋
Contents
Cases Cited
Referred In
Notifications
Circulars
Forms
Manuals
Acts
Rules & Regulations
Case Laws New
Ref Provisions New
Plus +
Source NTF
Summary
Similar
Note
Bookmark
Share
✓ Copied successfully !
Print
Print Options
For full text, please login
Login to TaxTMI
Verification Pending
The Email Id has not been verified. Click on the link we have sent on
Ind AS implementation: holding companies follow corporate roadmap while payment and small finance banks follow banking roadmap. Where a corporate holding company falls within the corporate sector roadmap for Ind AS implementation the holding company shall follow that roadmap, while Payment Banks and Small Finance Banks which are subsidiaries shall follow the banking sector Ind AS roadmap prescribed by the central banking regulator; such banking subsidiaries must provide their Ind AS financial data to the holding company for consolidation.
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.
Ind AS implementation: holding companies follow corporate roadmap while payment and small finance banks follow banking roadmap.
Where a corporate holding company falls within the corporate sector roadmap for Ind AS implementation the holding company shall follow that roadmap, while Payment Banks and Small Finance Banks which are subsidiaries shall follow the banking sector Ind AS roadmap prescribed by the central banking regulator; such banking subsidiaries must provide their Ind AS financial data to the holding company for consolidation.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
