Section 64V of IA : Section 64V: Assets And Liabilities How To Be Valued
IA
JavaScript did not load properly
Some content might be missing or broken. Please try disabling content blockers or use a different browser like Chrome, Safari or Firefox.
Explanation using Example
An insurance company, "SecureLife Insurance," is preparing its annual financial statements for regulatory submission. According to Section 64V of The Insurance Act, 1938, the company must value its assets such as investments, properties, and stocks at their current market or realisable value, without inflating their worth. For example, if SecureLife owns a property that has a market value of $1 million, it cannot be listed as $1.5 million in its financi...
Login to access all pages and read more content.
To disable ads and read rest of the premium content, subscribe to KanoonGPT Pro.
🚀 Special Offer! Enjoy 1 Year of Ad-Free Browsing with any subscription.
KanoonGPT is now faster and smarter, powered by upgraded servers.
Subscribe today and unlock all new features!
KanoonGPT is now faster and smarter, powered by upgraded servers.
Subscribe today and unlock all new features!
Update: Discover how KanoonGPT revolutionizes legal research! Watch our demo video on the homepage to see how you can chat with various legal sections using our innovative hybrid AI search. Enjoy free unlimited AI access for a limited time!
Update: Page bookmarking and open in new tab is now supported! Simply use your browser's bookmark manager to save this page for quick access later.
Update: We're building AI tools for the Indian Law community. Help shape the future by filling out this quick form for a chance to get a free 1-year usage of the requested tool.
Download Digital Bare Acts on mobile or tablet with "Kanoon Library" app
