Consolidated accounts
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
22 November 2011
Hi,
Ours is a public unlisted company. Paid up capital more than Rs.5 Crores. we have 2 subsidiaries one in India and 1 abroad.
do we have to prepare consolidated accounts for this company.
Pl also mention the section under which this is required for further reference
Thanks in advance
Ours is a public unlisted company. Paid up capital more than Rs.5 Crores. we have 2 subsidiaries one in India and 1 abroad.
do we have to prepare consolidated accounts for this company.
Pl also mention the section under which this is required for further reference
Thanks in advance
Charu Srivastava
(Expert)
23 November 2011
Any Company which has subsidiaries is required to prepare Consolidated Financial Statements as par AS-21
Follow the link
https://www.mca.gov.in/Ministry/notification/pdf/AS_21.pdf
Follow the link
https://www.mca.gov.in/Ministry/notification/pdf/AS_21.pdf
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