Requirement for consolidation of accounts as per comapny law

sumit daga (audit clerk) (40 Points)

14 June 2012  

I have a query regarding preparation of consolidated Accounts in the case of Listed & Unlisted entities.

For Listed entities Consoldation is required as per Listing Agreement, which law entails Unlisted copmpanies to prepare Consolidated Accounts??

Does Companies Act mandates preparation of consolidated Accounts??

Please help.