IFSCA on April 02, 2024 has issued Clarification in relation to the permissible activities specified under the ‘Framework for Ship Leasing’. A lessor, which has obtained a Certificate of Registration may undertake the permissible activities specified in SL Framework subject to the condition that Lessor has absolute or lease hold right over the ship/ocean vessel.
Revised framework for Treatment of Right-of-Use (ROU) Assets
22 March 2025
RBI has clarified that regulated entities shall not be required to deduct an ROU asset (created in terms of Ind AS 116-Leases) from Owned Fund/
