Constitution of National Advisory Committee on Accounting Standards to advise government on company accounting policies and standards. Constitution of a statutory advisory body under Section 210A establishes the National Advisory Committee on Accounting Standards to advise the Central Government on formulation and laying down of accounting policies and standards for companies. The notification specifies the Committee's composition-including a Chairperson, professional body representatives, central government nominees, regulator nominees, institutional academics, and industry representatives-each nominated under clauses of sub section (2) of section 210A with prescribed tenures. The Committee's role is advisory and the notification is effective from publication in the Official Gazette.
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Constitution of National Advisory Committee on Accounting Standards to advise government on company accounting policies and standards.
Constitution of a statutory advisory body under Section 210A establishes the National Advisory Committee on Accounting Standards to advise the Central Government on formulation and laying down of accounting policies and standards for companies. The notification specifies the Committee's composition-including a Chairperson, professional body representatives, central government nominees, regulator nominees, institutional academics, and industry representatives-each nominated under clauses of sub section (2) of section 210A with prescribed tenures. The Committee's role is advisory and the notification is effective from publication in the Official Gazette.
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