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Indas Applicability

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Gopal Jha

3 Points Posted on 16 October 2021

Can associate company(listed) make holding(unlisted and less than 250 crore) mandate to apply ind as?????

Replies (3)

Quick Summary

This discussion clarifies the mandatory applicability of Ind AS for listed associate companies, even if their holding company is unlisted and below a certain threshold. It explains that if Ind AS applies to an associate, it automatically extends to its parent, subsidiary, joint venture, and other associates. Therefore, a listed associate company triggers Ind AS for its holding company, regardless of the holding company's own size or listing status.

yasaswi gomes

My grammar is 💯 good I

7306 Points Posted on 16 October 2021

An associate doesn't fall under the holding companies influence technically. Even if it does, the current Indas applicability is between 250-500 crores.

Kev Men

790 Points Posted on 17 October 2021

Since the associate company is Listed, Ind AS is mandatorily applicable to the associate company from 1st April 2007. If Ind AS is applicable to any company, then it is automatically applicable to its parent, subsidiary, associate and J.V.
In the above case, Ind AS will become applicable to the parent (holding) company as well due to the applicability of its associate company.