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New Guidelines issued by RBI for NBFCs and ARCs to improve governance of Ind AS Compliance

March 20, 2020[2020] 115 taxmann.com 331 (Article)
Non-Banking Financial Companies (NBFCs) covered by Rule 4 of the Companies (Indian Accounting Standards) Rules, 2015 are required to comply with Indian Accounting Standards (Ind AS) for the preparation of their financial statements. In order to promote a high quality and consistent implementation as well as facilitate comparison and better supervision
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