https://www.taxtmi.com/notifications?id=24146 The Standard requires Governments to include a Statement of Guarantees in their Financial Statements prepared by the Accounting Authority, defining guarantees and related mechanisms, and treating guarantees as contingent liabilities. Financial Statements must disclose class-wise and sector-wise details in prescribed formats: maximum guarantees, opening and closing outstanding, additions, deletions, invoked guarantees (discharged or not), guarantee commission and other material details. Notes must report limits on guarantees, existence and balances of Guarantee Redemption/Reserve Funds, Automatic Debit Mechanisms, Structured Payment Arrangements, tracking unit details, and the accounting treatment when guarantees are invoked. en-us Mon, 20 Dec 2010 00:00:00 +0530 Thu, 30 Jun 2011 16:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=24146 The Standard requires Governments to include a Statement of Guarantees in their Financial Statements prepared by the Accounting Authority, defining guarantees and related mechanisms, and treating guarantees as contingent liabilities. Financial Statements must disclose class-wise and sector-wise details in prescribed formats: maximum guarantees, opening and closing outstanding, additions, deletions, invoked guarantees (discharged or not), guarantee commission and other material details. Notes must report limits on guarantees, existence and balances of Guarantee Redemption/Reserve Funds, Automatic Debit Mechanisms, Structured Payment Arrangements, tracking unit details, and the accounting treatment when guarantees are invoked. Notifications Companies Law Mon, 20 Dec 2010 00:00:00 +0530 https://www.taxtmi.com/notifications?id=24146