ICDS VIII: Securities Classification and Measurement Rules for Stock-in-Trade and Scheduled Banks Explained

ICDS VIII on securities is divided into Part A and Part B. Part A addresses securities held as stock-in-trade, excluding those held by insurance companies, mutual funds, venture capital funds, banks, and public financial institutions. It outlines initial recognition at cost, subsequent measurement at cost or net realizable value, and excludes derivatives. Part B pertains to securities held by scheduled banks and public financial institutions, aligning classification and measurement with Reserve Bank of India guidelines. Neither part applies to capital gains, and there are no specific disclosure requirements under this ICDS.

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