Mca notification 2/2011 u/s 212

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Amish (Querist)
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06 August 2013 Sir,
As notification issued for general exemption relating to not attach subsidiaries account separately with holding company, only stand alone and consolidate account is enough.

My query is, such notification also applicable to those company which has only one subsidiary? Our auditor says this notification applicable to companies having more than one subsidiary but not in case of one subsidiary. Our company is listed one.

Ajay Mishra

Ajay Mishra (Expert)
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06 August 2013 Hi

Their is no such provision in general circular 2/2011 dated 8.2.2011 issued by MCA that it will apply on company having more than one subsidiaries.

Amish

Amish (Querist)
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06 August 2013 Thanks sir...
Same excuse I have given to our company's auditor, but he doesn't agree with me and continue to practice of mentioning standalone,consolidated and subsidiaries financial result in annual return of the company.

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Mca notification 2/2011 u/s 212

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