Consolidated financial statement
This query is : Resolved
13 December 2016
Dear Sir,
Consolidated Financial Statement is mandatory or not for Private Companies.
Consolidated Financial Statement is mandatory or not for Private Companies.
13 December 2016
Vinod Ji,
Section 129(3) of the 2013 Act requires that a company having one or more subsidiaries will, in addition to separate financial statements, prepare CFS. Hence, the 2013 Act requires ALL companies, including non-listed and PRIVATE companies, having subsidiaries to prepare CFS.
Section 129(3) of the 2013 Act requires that a company having one or more subsidiaries will, in addition to separate financial statements, prepare CFS. Hence, the 2013 Act requires ALL companies, including non-listed and PRIVATE companies, having subsidiaries to prepare CFS.
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