Under what circumstances the holding company is exempted from the consolidation of the financial statements of its foreign subsidiary.
1 Replies
CA Puru Goyal
(CA DISA)
(150 Points)
Replied 06 August 2015
As per the conditioned mentioned in AS 21 as:-
1.Long term restriction on fund transferrability
2.Not exercisiing of significant influence and control
3.Holding companie's plan to dispose subsidiary in coming period
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