Rule - 5, The Companies (Indian Accounting Standards) Rules, 2015
Rule - 5, The Companies (Indian Accounting Standards) Rules, 2015
Exemptions
a[(5) The Banking Companies and Insurance Companies shall apply the Ind ASs as notified by the Reserve Bank of India (RBI) and Insurance Regulatory Development Authority (IRDA) respectively. An insurer or insurance company shall however, provide Ind as compliant financial statement data for the purposes of preparation of consolidated financial statements by its parent or investor or venturer, as required by the parent or investor or venturer to comply with the requirements of these rules.]
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