The opinions contained in this compilation are of the competent Committees constituted by the Council of the Institute and are of operational nature and not on issues on which relevant laws and rules are not explicit. These “Selected Opinions” are not a compendium of “legal advice”.
The opinions issued by the Committees to the members’ queries are dated. Since an opinion is arrived at on the basis of the facts and circumstances of each individual query, it may change if the facts and the circumstances change. An opinion may also change due to subsequent developments in law, pronouncements made by the Institute and other relevant changes. The Institute and the Committees will have no liability in connection with such opinion.
In every case the members have to take their own decisions in the light of facts and circumstances in accordance with related laws and rules etc., applicable to the issue under decision at that point in time.
1.1 Recognition of Goodwill of Company’s Brands
1.2 Applicability of SSE Standard
1.3 Revaluation of Leased Assets
1.4 Scope of Accounting Term
1.5 Amendment in Prudential Regulation R – 8, Classification and Provisioning of Assets
1.6 Membership Card
1.7 Treatment of Investment in Associates in Separate Financial Statements
1.8 Change of Accounting Policy from Cost Model to Revaluation
1.9 Final Tax Accounting