IFSCA notifies norms for preparation of Financial Statements by authority

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  • Last Updated on 5 March, 2022

International Financial Services Centres Authority Rules 2022; IFSCA Norms; IFSCA; CAG Audit

Notification no. G.S.R. 168(E), Dated: 28.02.2022

IFSCA notifies International Financial Services Centres Authority (Form of Annual Statement of Accounts) Rules, 2022. The new rules specify the formats w.r.t preparation of financial statements. Under new norms, the authority shall have to forward financial statements to CAG for audit within a period of 3 months from the closure of the financial year. The rules further mandate the preservation of the financial statements for a minimum period of 5 years.

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