Consolidation & merger

arushi (a) (47 Points)

29 July 2015  

Hi,

As per CA'13 we are required to consolidate FS with subsidiaries. Please help me undersatnd this-   A ltd is parent and B & C & D are subsidiares. Now in FY 2015-16, C & D is getting merged with B (merger scheme filed in court). Is there any exception we can take for not consolidating  C, D with A in FS 2014-15? Considering the fact that  C & D will not exist from next year?