https://www.taxtmi.com/forum/issue?id=4604 AS-15 applies at the entity level rather than by division; a non SMC entity must apply AS-15 in full. The entity must recognise and provide in its financial statements for both short term and long term employee benefit obligations arising in the new division, and record appropriate provisions for the relevant financial year. en-us Tue, 28 Aug 2012 10:25:36 +0530 Thu, 23 Jan 2025 15:57:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=4604 AS-15 applies at the entity level rather than by division; a non SMC entity must apply AS-15 in full. The entity must recognise and provide in its financial statements for both short term and long term employee benefit obligations arising in the new division, and record appropriate provisions for the relevant financial year. Discussion-Forum Companies Law Tue, 28 Aug 2012 10:25:36 +0530 https://www.taxtmi.com/forum/issue?id=4604