Inter related transactions

AS-21 not applicable to unlsted companies. if your companies are listed then consolidated balace sheet should prepare.
 

SEC 297 and 299 applications as per companies Act.

Dear Aasita,

AS 21 Consolidated FS, As 18 Related Party Transaction, AS 23 Investment in Associated Enterprises, AS 27 Investment in Joint Venture.

Co's Act : Sec 297, 299 - Related Party Transaction, 300 & 301 Disclosure of Interest at Board Meeting, & Register of Interest, 212 & 213 If Consolidated statements are prepared then Compliance with this.

Thanks  & Regards

Hitesh

hey u can try this link

www.gtnews.com/article/7258.cfm

from CARO point of view, u have to ensure that transactions between the group companies are at prevailing market price. 301 register is been updated or not. Disclosure of interested directors to be taken care. (But identify whether the group are covered under the parties of 301 register). Diclosure required under related party transactions in notes to accounts. 

For information purpose, its not compulsory for AS_21 applicability, that the comapny should be listed. AS-21 is applicable to unlisted companies also. The standard says does not mandate any company for CFS, however if the company prepares CFS then it should be as per AS -21