National Advisory Committee on Accounting Standards constituted to advise on accounting standards; members appointed for a two year term. Notification constitutes the National Advisory Committee on Accounting Standards under section 210A of the Companies Act, 1956 to advise the Central Government on accounting policies and standards for companies. It specifies the Chairperson and members nominated by professional institutes, financial regulators and industry bodies, prescribes a two year term from Gazette publication or until constitution of the National Financial Reporting Authority under section 132 of the Companies Act, 2013, whichever is earlier, and states the notification comes into force on 18th September 2014.
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.
National Advisory Committee on Accounting Standards constituted to advise on accounting standards; members appointed for a two year term.
Notification constitutes the National Advisory Committee on Accounting Standards under section 210A of the Companies Act, 1956 to advise the Central Government on accounting policies and standards for companies. It specifies the Chairperson and members nominated by professional institutes, financial regulators and industry bodies, prescribes a two year term from Gazette publication or until constitution of the National Financial Reporting Authority under section 132 of the Companies Act, 2013, whichever is earlier, and states the notification comes into force on 18th September 2014.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
TaxTMI 
