As-18

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kanth (Querist)
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15 May 2013 Hi
My query is, we have one indian company, 2 indian subsidaries and 2 foreign subsidaries. In Financials of Indian subsidaries, do we need to disclose 2 foreign subsidaries, 1 Indian subsidary as related parties as per AS-18. or Is it enough to disclose Holding company itself...,

CA Sourabh Agarwal

CA Sourabh Agarwal (Expert)
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16 May 2013 Yes, no such exemption is available.

kanth

kanth (Querist)
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16 May 2013 Thanks for your reply. but you have not mentioned whether to disclose or not....can you make me more clear...,

CA Sourabh Agarwal

CA Sourabh Agarwal (Expert)
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16 May 2013 I think anyone can understand what i replied. Still. ALL DISCLOSURES REQUIRED.

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