TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Circulars
of of All Circulars
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>SEBI Requires AMCs to Adopt IND AS for Mutual Fund Financials from April 2023; Enhanced Transparency Mandated.</h1> The Securities and Exchange Board of India (SEBI) mandates that Asset Management Companies (AMCs) prepare financial statements for mutual fund schemes in accordance with Indian Accounting Standards (IND AS) starting April 1, 2023. Mutual fund schemes must prepare opening balance sheets and disclose scheme-wise per unit statistics for the past three years. Previous Generally Accepted Accounting Principles (GAAP) information must be labeled as non-compliant with IND AS, with necessary adjustments disclosed. Brokerage and transaction costs for cash and derivatives transactions are specified, with limits on charges. The circular is effective from April 1, 2023, aiming to protect investors and regulate the securities market.
TaxTMI 
TaxTMI 
