A Company X has a Joint Venture Company named as ABC. X holds only 10% of ABC. Whether ABC would be treated as Associate Company for Company X under the provisions of the Companies Act, 2013.
(My grammar is 💯 good I)
Replied 11 June 2020
Under IndAS Associates and JV’s, company x holds only a investment interest and not significant influence. So it is treated as per IndAS 109.
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Replied 14 June 2020
Section 2(6) of the Companies Act, 2013, the definition of associate company,which says about that that company(which recognised as associate) shall have minimum 20% voting power in other company includes joint venture...