Section 144 in The Companies (Accounting Standards) Rules, 2006
144. On first adopting this Standard, an enterprise should determine its transitional liability for defined benefit plans at that date as:
(a)the present value of the obligation (see paragraph 65) at the date of adoption;(b)minus the fair value, at the date of adoption, of plan assets (if any) out of which the obligations are to be settled directly (see paragraphs 100-102);(c)minus any past service cost that, under paragraph 94, should be recognised in later periods.
