Uniqus Point of View
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Category: Uniqus Point of View
The exposure draft offers guidance on transferring capital reserves to free reserves, addressing triggers and clarifying the use of reserves under Indian accounting standards.
India’s mutual fund industry, now with ₹39.46T AUM, adopts Ind AS from April 2023. SEBI mandates new financial statement formats and detailed disclosure requirements.
Proposed Ind AS 1 amendments clarify liability classification, remove carve-outs, and address covenant breaches and convertible debt to align with global financial statement principles.