Related party disclosure-as18

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CA RICHA BADALIA (Querist)
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30 July 2013 Say a company XYZ limited was holding company of ABC limited till 30.03.2013. On 31.03.2013 share holding got reduced to 49% and it became an associate of ABC limited. How to disclose the above in ABC's notes to the financial statement 2012-13 of related party as per AS-18??

Kumar

Kumar (Expert)
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01 August 2013 Disclose in related party disclosure as "Significant shareholder" followed by within brackets "(holding company till 30.03.2013)"

Note XYZ may be still a holding company because of Directorship

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CA RICHA BADALIA

CA RICHA BADALIA (Querist)
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01 August 2013 Ok thanks!

But how can XYZ be still a holding co. bcoz of directorship??

Kumar

Kumar (Expert)
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01 August 2013 As per the holding - subsidiary company definition of Companies act

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