https://www.taxtmi.com/notifications?id=137561 The amendments require trustees to notify the Board and publish reasons within one day when a scheme is to be wound up, and where trustees initiate winding they must obtain unit holder consent by simple majority (one vote per unit) and publish results within forty-five days; failure to secure consent necessitates reopening the scheme. Financial statements must be prepared in accordance with IND AS subject to regulatory primacy. Ninth and Eleventh Schedules are revised to mandate mark-to-market valuation, recognition of realised and unrealised gains in revenue accounts (excluding unrealised appreciation from distributable income), permit dividend equalization reserves, specify transaction-price accounting excluding transaction costs, and tighten valuation and disclosure norms for non-traded and real estate investments. en-us Tue, 25 Jan 2022 00:00:00 +0530 Thu, 27 Jan 2022 18:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=137561 The amendments require trustees to notify the Board and publish reasons within one day when a scheme is to be wound up, and where trustees initiate winding they must obtain unit holder consent by simple majority (one vote per unit) and publish results within forty-five days; failure to secure consent necessitates reopening the scheme. Financial statements must be prepared in accordance with IND AS subject to regulatory primacy. Ninth and Eleventh Schedules are revised to mandate mark-to-market valuation, recognition of realised and unrealised gains in revenue accounts (excluding unrealised appreciation from distributable income), permit dividend equalization reserves, specify transaction-price accounting excluding transaction costs, and tighten valuation and disclosure norms for non-traded and real estate investments. Notifications SEBI Tue, 25 Jan 2022 00:00:00 +0530 https://www.taxtmi.com/notifications?id=137561