Advisory Committee on Accounting Standards constituted to advise on company accounting policies and standards; term limited. The Central Government, invoking sub section (1) of section 210A of the Companies Act, 1956, constituted the National Advisory Committee on Accounting Standards to advise on formulation and laying down of accounting policies and standards for companies under the Companies Act, 1956 and 2013; it specifies representative membership drawn from professional institutes, regulators, ministries and industry, and provides that the Chairperson and members hold office for two years from Gazette publication or until the National Financial Reporting Authority is constituted, whichever is earlier.
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Advisory Committee on Accounting Standards constituted to advise on company accounting policies and standards; term limited.
The Central Government, invoking sub section (1) of section 210A of the Companies Act, 1956, constituted the National Advisory Committee on Accounting Standards to advise on formulation and laying down of accounting policies and standards for companies under the Companies Act, 1956 and 2013; it specifies representative membership drawn from professional institutes, regulators, ministries and industry, and provides that the Chairperson and members hold office for two years from Gazette publication or until the National Financial Reporting Authority is constituted, whichever is earlier.
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