Key Documents

This page is dedicated to showcase  key documents useful to members in their discussions with clients and colleagues.

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ICAI – Standards

Sl. No	Name of the Document
1	Accounting Standards as on February 1, 2022
2	Companies (Accounting Standards) Rules, 2021
3	Indian Accounting Standards (Ind AS)
4	ICAI Valuation Standards, 2018
5	Standards on Internal Audit
6	New/Revised Standards (Auditing, Review and Others) issued under the Clarity Project

ICAI – Guidance Notes

Sl. No	Name of the Document
1	Guidance Notes on Auditing Aspects
2	Guidance Notes on Accounting Aspects

RBI-Master Directions- Foreign Exchange Management

Sl.No.	Name of the Document
1	External Commercial Borrowings, Trade Credits and Structured Obligations
2	Foreign Investment in India
3	Borrowing and Lending transactions in Indian Rupee between Persons Resident in India and Non-Resident Indians/ Persons of Indian Origin
4	Direct Investment by Residents in Joint Venture (JV) / Wholly Owned Subsidiary (WOS) Abroad
5	Establishment of Branch Office (BO)/ Liaison Office (LO)/ Project Office (PO) or any other place of business in India by foreign entities
6	Export of Goods and Services
7	Import of Goods and Services
8	Reporting under Foreign Exchange Management Act, 1999
9	Money Changing Activities
10	Opening and Maintenance of Rupee/Foreign Currency Vostro Accounts of Non-resident Exchange Houses
11	Compounding of Contraventions under FEMA, 1999 (Updated as on May 24, 2022)

RBI-Master Directions- Commercial Banking

Sl.No.	Master Directions – Commercial Banking
1	Reserve Bank of India (Acquisition and Holding of Shares or Voting Rights in Banking Companies)
2	Credit Card and Debit Card – Issuance and Conduct
3	Reserve Bank of India (Regulatory Framework for Microfinance Loans)
4	Reserve Bank of India (Securitisation of Standard Assets)
5	Know Your Customer (KYC)
6	Reserve Bank of India (Interest Rate on Deposits)
7	Reserve Bank of India (Interest Rate on Advances)
8	Lending to Micro, Small & Medium Enterprises (MSME) Sector

RBI-Master Circulars- Commercial Banking

Sl.No.	Master Circulars – Commercial Banking
1	Housing Finance
2	Prudential norms on Income Recognition, Asset Classification and Provisioning pertaining to Advances
3	Bank Finance to Non-Banking Financial Companies (NBFCs)
4	Basel III Capital Regulations
5	Guarantees and Co-acceptances