Volume : VII, Issue : IV, April - 2018
PRUDENTIAL NORMS FOR NBFCs
Dr. Amardeep
Abstract :
Income from dividend on shares of corporate bodies and units of mutual funds shall be taken into account on cash basis. Income
from dividend on shares of corporate bodies may be taken into account on accrual basis when such dividend has been declared
by the corporate body in its annual general meeting and the non–banking financial company‘s right to receive payment is
established.Prior to 1991 different companies have been adopting different income recognition norms. With the onset of
financial sector reforms income recognition norms have also changed. Firstly, income recognition norms must be the same for all
firms and secondly, they should be prudent. The following income recognition norms must be followed consistently for all NBFCs:
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DOI : https://www.doi.org/10.36106/paripex
Cite This Article:
Dr. Amardeep, PRUDENTIAL NORMS FOR NBFCs, PARIPEX‾INDIAN JOURNAL OF RESEARCH : Volume-7 | Issue-4 | April-2018
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Dr. Amardeep, PRUDENTIAL NORMS FOR NBFCs, PARIPEX‾INDIAN JOURNAL OF RESEARCH : Volume-7 | Issue-4 | April-2018