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AS 21

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15 September 2009 Suppose a Private Limited Co. is having two Subsidiaries (wholly owned) and also the holding co. is a level one co.

Then plz let me know whether it is compulsory to prepare Consolidated accounts along with the standalone accounts of the holding Co.

if its not compulsory to prepare, why?
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Sreedhar Atchutuni ACA,GradCWA

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Sreedhar Atchutuni ACA,GradCWA (Expert)
15 September 2009 yes, you have to prepare Consolidated Financial Statements.
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Kaustuv

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Kaustuv (Expert)
17 September 2009 Yes I agree too.
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