Applicability of indas
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
19 December 2018
Company A is listed Company
Company B is non listed co.
Company A is a subsidiary company of B
whether INDAS is applicable to Company B
Company B is non listed co.
Company A is a subsidiary company of B
whether INDAS is applicable to Company B
CA Kamlesh Kukreja
(Expert)
19 December 2018
Yes. IND AS is applicable to Comp B. please Note If IND AS become applicable to any company, then IND AS shall automatically be made applicable to all the subsidiaries, holding companies, associated companies, and joint ventures of that company, irrespective of individual qualification of such companies.
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