Applicability - cash flow stat. & consolidated financial sta

Hello,

I have two queries for UNLISTED PUBLIC AND PRIVATE COMPANIES (including SMC & NON –SMC) pertaining to the financial year-2014-15.

1) CASH FLOW STATEMENT :=

As per definition of Financial statement (Section 2 (40) of the Companies Act ,2013 ) , its applicable to all companies except OPC , SMALL COS & DORMANT COS.

Query : --

1. For the categories of the Companies as stated above , how to determine its applicability? is there anything provided in ACCOUNTING STANDARD, what to follow? Whether cash flow statement to these companies applicable?? if yes , please support the provision.

2) CONSOLIDTAED FINANCIAL STATEMENT :-

Query : --

1. As per Section 129(3) of the Companies Act , read with the amended rule no.6  Companies (Accounts) Amendment Rules, 2014 dated 14.10.2014 , (attached herewith) the section stated aforesaid have the explanation subsidiary includes associate and if we see the aforementioned rule it says something different. if we take the definition of Associate ( Section 2 (6) of the Companies Act , 2013 ALMOST ALL PRIVATE COMPANIES HAVE TO MAKE CONSOLIDATED FINANCIAL STATEMTN WHERE THERE ARE MOSTLY 2 SHAREHOLDERS AND THEY HOLD MORE THAN 20 % IN THE COMPANY)

please suggest :

For the categories of the Companies as stated above , how to determine its applicability? is there anything provided in ACCOUNTING STANDARD , what to follow ? Whether consolidated financial statement to these companies applicable?? if yes , please support the provision.

I REQUEST YOU TO PLEASE SOLVE THESE TWO QUERIES.