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Union of India - Section

Section 42B in The Companies (Indian Accounting Standards) Rules, 2015

42B. An entity shall disclose information that enables users of its financial statements:

(a)to understand the relationship between transferred financial assets that are not derecognized in their entirety and the associated liabilities; and
(b)to evaluate the nature of, and risks associated with, the entity's continuing involvement in derecognized financial assets.