Tag Archives: consolidation of financial statements

Consolidation of Financial Statements

By | July 24, 2015
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Query: Is consolidation of financial statements required if a company does not have any subsidiary company but has 1-2 associate companies.  Answer:  No, As per the Companies (Accounts) Amendment Rules, 2014 dated 14/10/2014, Consolidation of financial statements shall not be required in case a company does not have any subsidiary company but has associate companies. Corporate Law:–… Read More »

consolidation of financial statements

By | July 23, 2015
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Query:    one of Private Limited Company has 5 directors out of which 4 directors are directors of unlisted public limited company. Further Unlisted Public Limited Company has total 6 Directors. There is no shareholding of company in each other. But, Directors and relatives hold 100% shareholding in both companies. Also, Turnover of Pvt. Limited… Read More »