cfs clarification

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x ltd holds 43% in y ltd & 25% in z ltd & y ltd holds 21% in y ltd.

whether x do cfs as >= 50% with y ltd
Replies (6)

The question needs clarification.

 

whether x ltd will prepare cfs as per AS 21 or AS 23
PLz give legal support
z holds in y 21%
please comply with the provisions of Section 129(3) in case of Company x and Z along with accounting standards as may be prescribed.
plz give specific answere
section is very clear ...read it by yourself. if u r looking for a reply in respect of mathematics of % of consolidation, ur question itself is guiding factor.

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