Consolidated financial statements

What are the provisions for preparation of consolidated financial statements?
Replies (1)

Companies Act 2013 (‘the Act’), in terms of Section 129(3), establishes the requirement for consolidated financial statements for Indian companies and provides that where a company has one or more subsidiaries, it shall prepare a consolidated financial statements of the parent company and its subsidiaries, joint ventures and associates.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register