Consolidation of Foreign Subsidiary

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prop
21 Points Posted on 02 October 2021
Sir please Guide
If Indian Company have Singapore based foreign subsidiary company with 99.99% equity
Is it necessary to prepare consolidated financials as per section 129(3)
or it is exempted from consolidation due to foreign subsidiary as per rule 6 of companies rules (accounts) 2014

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On 02 October 2021 at 16:41 Report
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My grammar is 💯 good I
7306 Points Posted on 02 October 2021

yes YOU HAVE TO CONSOLIDATE

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On 02 October 2021 at 17:24

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