Consolidated financial statement

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A RAJU (Querist)
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02 July 2008 Our company is privat limited company in india we have subsidery company in singapore the book closure for subsidery company is 31st MArch 2007 it any mandatory for subsidery company balance to be included in the holding company balance sheet

CA Anand Sarda

CA Anand Sarda (Expert)
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02 July 2008 Presentation of Consolidated Financial Statement is not mandatory... But when u showing a consolidated results(i.e. if u want to consolidate the financial statements then u need to follow AS-21

Amit Bajaj

Amit Bajaj (Expert)
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03 July 2008 No it is not mandatory for private company. If company opts to prepare then AS 21 has to be followed

Taranjit Singh

Taranjit Singh (Expert)
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03 October 2009 Hello, is this an old query still pending?????? plz send me a PM if yes.....

Taranjit Singh

Taranjit Singh (Expert)
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03 October 2009 Hello, is this an old query still pending?????? plz send me a PM if yes.....

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