https://www.taxtmi.com/circulars?id=54681 Select All India Term Lending and Refinancing Institutions must adopt Indian Accounting Standards (Ind AS) on the prescribed transition timeline for both standalone and consolidated financial statements; early adoption is prohibited. Boards must oversee implementation with a Steering Committee and quarterly Audit Committee reporting. AIFIs must prepare and submit proforma Ind AS financial statements and detailed reconciliations and disclosures to the Reserve Bank, including comprehensive Ind AS 109 expected credit loss methodologies, while assessing impacts on capital adequacy. Directions issued under Section 45L require strict compliance. en-us Thu, 04 Aug 2016 00:00:00 +0530 Fri, 05 Aug 2016 17:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=54681 Select All India Term Lending and Refinancing Institutions must adopt Indian Accounting Standards (Ind AS) on the prescribed transition timeline for both standalone and consolidated financial statements; early adoption is prohibited. Boards must oversee implementation with a Steering Committee and quarterly Audit Committee reporting. AIFIs must prepare and submit proforma Ind AS financial statements and detailed reconciliations and disclosures to the Reserve Bank, including comprehensive Ind AS 109 expected credit loss methodologies, while assessing impacts on capital adequacy. Directions issued under Section 45L require strict compliance. Circulars RBI Thu, 04 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/circulars?id=54681