29 December 2007
The objective of this AS 21 is to present financial information about a parent and its subsidiary(ies) as a single economic entity to show the economic resources controlled by the group, the obligations of the group and results the group achieves with its resources.
31 December 2007
AS 21 is applicable, if entity prepares or is required to prepare consolidated financial statements. As per listing agreement, Listed compnaies are required to prepare CFS so AS 21 is applicable. So for private limited company, if it prepares consolidated financial statement, than AS 21 is applicable
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