https://www.taxtmi.com/acts?id=19802 This Standard defines joint control as unanimous consent among parties over relevant activities and requires entities to classify joint arrangements as either a joint operation (rights to assets and obligations for liabilities) or a joint venture (rights to net assets) by assessing contractual terms, the legal form of any separate vehicle and other facts and circumstances; classification determines whether a party recognises its share of assets, liabilities, revenues and expenses or accounts for its interest using the equity method, with reassessment required upon changes in facts. en-us Wed, 03 Jun 2015 18:28:31 +0530 Wed, 13 Sep 2023 18:34:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=19802 This Standard defines joint control as unanimous consent among parties over relevant activities and requires entities to classify joint arrangements as either a joint operation (rights to assets and obligations for liabilities) or a joint venture (rights to net assets) by assessing contractual terms, the legal form of any separate vehicle and other facts and circumstances; classification determines whether a party recognises its share of assets, liabilities, revenues and expenses or accounts for its interest using the equity method, with reassessment required upon changes in facts. Act-Rules Companies Law Wed, 03 Jun 2015 18:28:31 +0530 https://www.taxtmi.com/acts?id=19802