Consolidated financial statements
NANI ROCK (10 Points)
07 December 2017
What are the provisions for preparation of consolidated financial statements?
Amir Sk
(CA Final )
(96 Points)
Replied 09 December 2017
Companies Act 2013 (‘the Act’), in terms of Section 129(3), establishes the requirement for consolidated financial statements for Indian companies and provides that where a company has one or more subsidiaries, it shall prepare a consolidated financial statements of the parent company and its subsidiaries, joint ventures and associates.
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