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As-21

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(Querist)
11 August 2012 A CLOSELY HELD LIMITED COMPANY (LEVEL III -SMC) HOLDS 80% OF EQUITY OF A PVT LTD CO.
PLEASE CONFIRM:
AS-21, CONSOLIDATED FINANCIAL STATEMENTS WILL APPLY OR NOT ?
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CA.Sourabh Sethia

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CA.Sourabh Sethia (Expert)
11 August 2012 what is the Level of the company in which the company holds 80% shares
if it is Level I company then it is covered
by AS-21
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PIYUSH SINGLA

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PIYUSH SINGLA (Querist)
11 August 2012 IF IT IS LEVEL III ONLY THEN ?
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CA.Sourabh Sethia

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CA.Sourabh Sethia (Expert)
11 August 2012 if it is Level III then AS-21 is not applicable
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PIYUSH SINGLA

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PIYUSH SINGLA (Querist)
11 August 2012 THANKS FOR YOUR VALUABLE SUGGESTION.
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