Consolidation of accounts-companies act, 2013

Others 1615 views 2 replies

Dear Friends,

Consolidation of accounts rule is applicable for Accounts as on 31/03/2014 or 31/03/2015?

I mean, if a Company has associate Company as on 31/03/2014, does it need to prepare consolidated accounts.

Regards,

Kavitha.

Replies (2)

If you are asking from Companies Act 2013 perspective, as per the latest circular 8_2014, the same is applicable from 2014-15.

Regards,

Alpa

 

Hi,

As per Company act 2013, Its required  to prepare consolidated financial statement, regarding this i have few doubts:

1. Is it required to consolidate partnership firm accounts also where holding company having more than 50% share?

2.Is there any standard format to prepare consolidation statement?

Pls suggest me.

Regards

Nagender


CCI Pro

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