Consolidation of Financial Statement
This query is : Resolved
10 November 2010
Is consolidation of subsidiary a/c with holding company a/c a legal requirement?
Is there any provision in the companies act related to consolidation of financial statement of holding and its sibsidiary(ies)?
Whether holding company which is private limited company are required to prepare consolidated financial statement of their susidiary(ies)?
Brijesh.
Is there any provision in the companies act related to consolidation of financial statement of holding and its sibsidiary(ies)?
Whether holding company which is private limited company are required to prepare consolidated financial statement of their susidiary(ies)?
Brijesh.
10 November 2010
Hi Brijesh!!
Consolidation of subsidiary a/c with holding co is a legal requirement.
Section 212 of the Companies Act,1956 speaks for the same.
Answering to your last query, section 212 applies to all companies i.e. public as well as private.so, in your case, pvt co. which holding co. is required to prepare consolidated financial statement of their susidiary(ies)
Consolidation of subsidiary a/c with holding co is a legal requirement.
Section 212 of the Companies Act,1956 speaks for the same.
Answering to your last query, section 212 applies to all companies i.e. public as well as private.so, in your case, pvt co. which holding co. is required to prepare consolidated financial statement of their susidiary(ies)
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Taxable or Tax exempt
- CAPITAL GAIN BASE ON NOTIFICATION
- TDS Deducted AY-2013-14 Not Reflected in 26as
- ADVANCE PAYMENT OF ADVOCATE
- Demand Outstanding AY 2013-14 TDS Deducted not shown in 26as
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- GST rate and HSN code for sale of racing horses
- Eway bill generation from place other than registeted
- REGARDING ANNUAL RETURNS FILLINGS OF A COMPANY INCORPORATED ON 28.03.2025
- TDS Return Q1 FY 2026-27
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
