https://www.taxtmi.com/notifications?id=142364 The Amendment Rules insert Ind AS 117 Insurance Contracts, establishing principles for recognition, measurement, presentation and disclosure of insurance and related contracts, defining key measurement building blocks (fulfilment cash flows, discounting, risk adjustment and contractual service margin), grouping and contract boundary rules, eligibility for a premium allocation approach, special rules for reinsurance and investment contracts with discretionary participation features, modification/derecognition mechanics, extensive disclosure requirements, and consequential amendments and transition cross references across multiple Ind ASs to ensure consistent application. en-us Mon, 12 Aug 2024 00:00:00 +0530 Thu, 22 Aug 2024 14:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=142364 The Amendment Rules insert Ind AS 117 Insurance Contracts, establishing principles for recognition, measurement, presentation and disclosure of insurance and related contracts, defining key measurement building blocks (fulfilment cash flows, discounting, risk adjustment and contractual service margin), grouping and contract boundary rules, eligibility for a premium allocation approach, special rules for reinsurance and investment contracts with discretionary participation features, modification/derecognition mechanics, extensive disclosure requirements, and consequential amendments and transition cross references across multiple Ind ASs to ensure consistent application. Notifications Companies Law Mon, 12 Aug 2024 00:00:00 +0530 https://www.taxtmi.com/notifications?id=142364