Section 129

But for listed company also

Thanks

Pl clear whether holding company or subsidiary or both are required to prepare consolidated FS.

Holding company should prepare CFS including subsidiary company also

Yes both are required to prepared standalone Financial Statements. And Holding is also required to prepare CONSOLIDATE Financial Statements

My question as also of Mr kashif is

whether any subsidiary (listed or unlisted) is required to prepare CFS?

Conditions for CFS Exemption:-

1) Our company needs to be WOS / Partially owned Subsidiary of another Company + Our Members of company has gave assent for not preparing CFS

2) Securities of our company shall not be listed in any stock exchange (whether india or abroad)

3) Our Ultimate HC / immediate HC have filled AOC4 CFS with ROC.

All 3 to be fulfilled to get exemption.

My concern  only is that

holding company is required to prepare CFS 

but not the subsidiary of any kind.