Can a subsidiary have two parents at the same time ?

Friends & Seniors

Can a subsidiary have two holding companies ? One by virtue of holding more than 50% share capital and other owing to control of composition of board of directors.

Please find attched a write up from Students' Guide to Accounting Standards by author FCA D.S.Rawat.

Regards

Dipjyoti

Replies (1)
Yes. It is possible. In this case , as per AS ,both will consolidate and give disclosure of consolidation by other company. However, as per Ind AS , company have economic interest shall consolidate. ( company having only financial interest will not consolidate ).

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
28 October 2026
Assistant Director/ Associate Director-Finance & Accounting

Krea University

Chennai

CA

View Details
Company
ARTICLESHIP 07 October 2026
Article Assistant

Malhotra Rajesh & Associates

New Delhi

B.Com

View Details
Company
08 October 2026
Accounts and Tax Associate

POOJA R TELI & CO

Pune

CA Inter

View Details
Company
21 October 2026
CA INTER/ BCOM WITH EXPERIENCE

CA S KUMAR GUPTA & CO

Amritsar

CA Inter

View Details
Company
ARTICLESHIP 20 October 2026
CA ARTICLE

AMKN & CO

Noida

CA Inter

View Details
Company
ARTICLESHIP 01 October 2026
Articled Assistant

KPSN & Associates LLP

Chennai

CA Inter

View Details
Company
14 October 2026
Accountant

Rize.farm

Bengaluru

B.Com

View Details
Company
05 October 2026
Senior Accountant

Vision IT Peripherals Pvt Ltd

Mumbai

B.Com

View Details