Consolidation of accounts
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
04 November 2015
For an example
Company H holds 50% shares in Co. A and 50% shares in Company B.
Whether as per new Company Act 2013, Company H require consolidate Company A and B ?
For an example
Company H holds 50% shares in Co. A and 50% shares in Company B.
Whether as per new Company Act 2013, Company H require consolidate Company A and B ?
04 November 2015
Yes, because H is having 'substantial interest' in A and B.
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