Consolidation of financial statement with associate copmany

Manish Burnwal (Job) (16 Points)

09 April 2016  
Company A Pvt. Ltd is holding share of B Pvt. Ltd more than 20% since from 2013, but as on 25th march 2016, A Ltd. sold some shares of B Ltd( 3% ) , and now as on 31st march A Ltd hold 19 % shares of B Ltd. so now is it be cosider as a Associate for the purpose of consolidation of financial statement. Reply me on as soon as possible.