Annual return under companies act 2013
This query is : Resolved
CA Pradeep Garg
(Querist)
22 June 2016
Dear Friends,
Private Company A owns 99% shares in another private company B & C. Company B owns 70% shares in Private Company D.
Will the company A is required to prepare consolidated balance sheet considering the final balance sheets of B,C & D???. Will the Annual Return of A has to be consolidated also??
What is the penalty for non compliance???
Private Company A owns 99% shares in another private company B & C. Company B owns 70% shares in Private Company D.
Will the company A is required to prepare consolidated balance sheet considering the final balance sheets of B,C & D???. Will the Annual Return of A has to be consolidated also??
What is the penalty for non compliance???
Jatin Bajaj
(Expert)
25 June 2016
According to section 129(3), where companies has one or more subsidiaries , it shall in addition to financial statement under (2) also prepare consolidated financial statement of company and all of the subsi company and shall place before annual general meeting of the company.
provided further that as per rule 5 of companies accounts rule, company also attach with financial statement , a seprate statement containing the Salient features of financial statement of subsi company in form AOC 1
ANNUAL RETURN SHALL BE FILED SEPRATELY FOR BOTH HOLDING AND SUBSIDIARY COMPANY IN FORM MGT 7
provided further that as per rule 5 of companies accounts rule, company also attach with financial statement , a seprate statement containing the Salient features of financial statement of subsi company in form AOC 1
ANNUAL RETURN SHALL BE FILED SEPRATELY FOR BOTH HOLDING AND SUBSIDIARY COMPANY IN FORM MGT 7
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Accounting treatment of AMC alongwith the purchase of Laptop
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Taxation of crypto futures in India Fy 2026- 2027
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- MSME disclosure and disallowance
- Transfer of Physical Stock Between Two Proprietorship Concerns
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
