Question

Financial Statements of mutual funds or Asset Management Companies are to be prepared in the ______________ Format and in compliance with all requirements set out in the _______________________ of the Companies Act, 2013.

a.

Schedule I, Schedule Ill

b.

Schedule II, Schedule Ill

c.

Schedule Ill, Schedule Ill

d.

Schedule I, Schedule II

Answer: (c).Schedule Ill, Schedule Ill Explanation:Financial Statements of mutual funds or Asset Management Companies are to be prepared in the Schedule III Format and in compliance with all requirements set out in the Schedule III of the Companies Act, 2013.

Interact with the Community - Share Your Thoughts

Uncertain About the Answer? Seek Clarification Here.

Understand the Explanation? Include it Here.

Q. Financial Statements of mutual funds or Asset Management Companies are to be prepared in the ______________ Format and in compliance with all requirements set out in the...

Similar Questions

Explore Relevant Multiple Choice Questions (MCQs)

Q. Non-life insurers shall prepare revenue account as per____________________.

Q. The Report of the Auditors on the Financial Statements of every insurer / re-insurer shall be in conformity with the requirements of _____________.

Q. A current asset is expected to be realised within ____ after the reporting date.

Q. As per Section 129 of the Companies Act, 2013, at every annual general meeting of a company, the ________________________ of the company shall lay before such meeting financial statements for the financial year.

Q. What does the Cash Flow Statement provide users of financial statements with?

Q. What specified forms should life insurers use for preparing Financial Statements?

Q. What does Schedule 'C' of IRDA (Preparation of Financial Statements and Auditor's Report of Insurance Companies) Regulations, 2002, pertain to?

Q. According to IRDA (Preparation of Financial Statements and Auditor's Report of Insurance Companies) Regulations, 2002, what does Schedule 'A' contain, and which insurers should comply with it?

Q. According to Section 11 of the Insurance Act, 1938, what are the financial statements that every insurer is required to prepare at the expiration of each financial year?

Q. In the notes to accounts, what are the items that a company is required to disclose according to Schedule III?

Q. What does Schedule III of the Companies Act, 2013, contain?

Q. What does lAS 1 (International Accounting Standard 1) require a company to disclose in its financial statements?

Q. What is the requirement of Section 210 of the Companies Act, 1956, regarding financial statements at the annual general meeting of a company?

Q. According to Section 129 of the Companies Act, 2013, what does it state regarding the financial statements of a company?

Q. According to IRDA regulations, which method should be used for preparing the cash flow statement in an insurance company?

Q. In the context of an insurance company's cash flow statement, what is the primary indicator of the extent to which the operations have generated sufficient cash flows to maintain the operating capability and meet financial obligations?

Q. What do "Financing Activities" include for an insurance company?

Q. Which term refers to the principal revenue-producing activities of an insurance company and other activities that are not investing or financing activities?

Q. In the context of an insurance company's cash flow statement, what is the significance of "Cash Equivalents"?

Q. What should financial statements for non-life insurers be supported by, according to the IRDA Regulations?

Recommended Subjects

Are you eager to expand your knowledge beyond IC 89 Management Accounting? We've handpicked a range of related categories that you might find intriguing.

Click on the categories below to discover a wealth of MCQs and enrich your understanding of various subjects. Happy exploring!