Section 134 in The Companies (Accounting Standards) Rules, 2006
134. An enterprise should recognise termination benefits as a liability and an expense when, and only when:
(a)the enterprise has a present obligation as a result of a past event;(b)it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation; and(c)a reliable estimate can be made of the amount of the obligation.
