who is responsible for issuing accounting standard in india
Indian Accounting Standards Indian Accounting Standard (abbreviated as Ind-AS) is the Accounting standard adopted by companies in India and issued under the supervision and control of Accounting Standards Board (ASB), which was constituted as a body in the year 1977. ASB is a committee under Institute of Chartered Accountants of India (ICAI) which consists of representatives from government department, academicians, other professional bodies viz. ICAI, representatives from ASSOCHAM, CII, FICCI, etc.
Economic nationalism While the coining of the term "
Supreme Court of India Judges used to be appointed by the president on the advice of the union cabinet. After 1993 (the Second Judges' Case), no minister, or even the executive collectively, can suggest any names to the president,[27][28] who ultimately decides on appointing them from a list of names recommended only by the collegium of the judiciary. Simultaneously, as held in that judgment, the executive was given the power to reject a recommended name. However, according to some,[who?] the executive has not been diligent in using this power to reject the names of bad candidates recommended by the judiciary.[29][30][31]
Insolvency and Bankruptcy Board of India IBBI will have 10 members, including representatives from the Ministries of Finance and Law, and the Reserve Bank of India.