FERNANDO WILLADINO

may also experience some issues with your browser, such as an alert box that a script is taking a 1Director General (Commercial), Nominee of Comptroller and Auditor General of India, [Nominated under clause (e) of sub- section (2) of section 210A]. No spam. Explanation 2. S.O. (a) the net worth shall be calculated in accordance with the stand-alone financial statements of the NBFCs as on 31st March, 2016 or the first audited financial statements for accounting period which ends after that date; (b) for NBFCs which are not in existence on 31st March, 2016 or an existing NBFC falling first time, after 31st  March, 2016, the net worth shall be calculated on the basis of the first audited stand-alone financial statements ending after that date, in respect of which it meets the thresholds. 3 LAWS OF MALAYSIA Act 125 COMPANIES ACT 1965 ARRANGEMENT OF SECTIONS PART I PRELIMINARY Section 1. The clarifications sought were with regard to capitalization of borrowing costs incurred during extended delay in commercial production for reasons beyond the developer’s— control, and whether capitalization of power plant should be unit-wise or project-wise. The CA 2016 provisions should not be applied. Government has received a number of representations seeking clarifications on capitalization of costs in cases of Competitive Bid power projects. Arris Notes 1 Description Comments (1) A company (other than an exempt private company) shall not make a loan to a director of the company or of a company which by virtue of section 6 is deemed to be related to that (1) While preparing financial results, the shall comply with the following: (a)The financial results shall be prepared on the basis of accrual accounting policy and shall be in accordance with uniform accounting practices adopted for all the periods. Since the long relationship has built with auditors for 5 years or, as the case may be, 10 years, the strict formalities should be followed to remove auditors before expiry of term. ... 133. Repeals 4. [1][Provided that until the National Financial Reporting Authority is constituted under section 132 of the Companies Act, 2013 (18 of 2013), the Central Government may prescribe the standards of accounting or any addendum thereto, as recommended by the Institute of Chartered Accountants of India, constituted under section 3 of the Chartered Accountants Act, 1949 (38 of 1949), in consultation with and after examination of the recommendations made by National Advisory Committee on Accounting Standards constituted under section 210 A of the Companies Act, 1956]. (4) Companies to which Indian Accounting Standards (Ind AS) are applicable as specified in these rules shall prepare their first set of financial statements in accordance with the Indian Accounting Standards (Ind AS) effective at the end of its first Indian Accounting Standards (Ind AS) reporting period. AN ACT to consolidate and amend the laws in force in Zimbabwe relating to the constitution, in corporation, registration, management, administration and winding up of companies and other associations, and for other purposes incidental thereto. An Act to reform company law and restate the greater part of the enactments relating to companies; to make other provision relating to companies and other forms of business organisation; to make provision about directors' disqualification, business names, auditors and actuaries; to amend Part 9 of the Enterprise Act 2002; and for connected purposes. Use the ‘more’ link to open the changes and effects relevant to the provision you are viewing. Short title and commencement.- (1) These rules may be called the Companies (Indian Accounting Standards) Rules, 2015. Companies Act 1965). Shri Amarjit Chopra,                                                                                Chairperson, Chartered Accountant                                                                        [nominated under clause (a) of sub-section (2) of                                                                                                                           section 210A]. Stakeholders have sought clarifications with regard to the accounting period for which the accounts would need to be prepared using the Accounting Standards, as amended through the Companies (Accounting Standards) Amendment Rules, 2016. (3) Standards in Annexure to these rules once required to be complied with in accordance with these rules, shall apply to both stand-alone financial statements and consolidated financial statements. [Nominated under clause (f) of sub- section (2) of section 210A], Nominee of Confederation of Indian Industry, [Nominated under clause (h) of sub-section (2) of section 210A], Nominee of Federation of Indian Chambers of Commerce and Industry, Nominee of Associated Chambers of Commerce and Industry of India, Nominee of Securities and Exchange Board of India. [(g) “Non-Banking Financial Company” means a Non-Banking Financial Company as defined in clause (f) of section 45-I of the Reserve Bank of India Act, 1934 and includes Housing Finance Companies, Merchant Banking companies, Micro Finance Companies, Mutual Benefit Companies, Venture Capital Fund Companies, Stock Broker or Sub-Broker Companies, Nidhi Companies, Chit Companies, Securitisation and Reconstruction Companies, Mortgage Guarantee Companies, Pension Fund Companies, Asset Management Companies and Core Investment Companies][4]. Text created by the government department responsible for the subject matter of the Act to explain what the Act sets out to achieve and to make the Act accessible to readers who are not legally qualified. (2)No transaction with respect to shares registered in an overseas branch register may be registered in any other register. Exemptions.- The insurance companies, banking companies and non-banking finance companies shall not be required to apply Indian Accounting Standards (Ind AS) for preparation of their financial statements either voluntarily or mandatorily as specified in sub-rule (1) of rule 4.”. Changes and effects are recorded by our editorial team in lists which can be found in the ‘Changes to Legislation’ area. View more content on screen at once dated 29th March 2016 vide S.O II – Companies and company FORMATION.. ) No transaction with respect to shares registered in any other register National! 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