Annual return under companies act 2013
This query is : Resolved
22 June 2016
Dear Friends,
Private Company A owns 99% shares in another private company B & C. Company B owns 70% shares in Private Company D.
Will the company A is required to prepare consolidated balance sheet considering the final balance sheets of B,C & D???. Will the Annual Return of A has to be consolidated also??
What is the penalty for non compliance???
Private Company A owns 99% shares in another private company B & C. Company B owns 70% shares in Private Company D.
Will the company A is required to prepare consolidated balance sheet considering the final balance sheets of B,C & D???. Will the Annual Return of A has to be consolidated also??
What is the penalty for non compliance???
25 June 2016
According to section 129(3), where companies has one or more subsidiaries , it shall in addition to financial statement under (2) also prepare consolidated financial statement of company and all of the subsi company and shall place before annual general meeting of the company.
provided further that as per rule 5 of companies accounts rule, company also attach with financial statement , a seprate statement containing the Salient features of financial statement of subsi company in form AOC 1
ANNUAL RETURN SHALL BE FILED SEPRATELY FOR BOTH HOLDING AND SUBSIDIARY COMPANY IN FORM MGT 7
provided further that as per rule 5 of companies accounts rule, company also attach with financial statement , a seprate statement containing the Salient features of financial statement of subsi company in form AOC 1
ANNUAL RETURN SHALL BE FILED SEPRATELY FOR BOTH HOLDING AND SUBSIDIARY COMPANY IN FORM MGT 7
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Tax on capital gains revoked us 54f
- Should I include march foreign salary received in April in my income for FY 2023-24?
- Inventory of finished goods
- Applicability of Ind As to associate of associate
- Sale of property furniture sale
- Refund of AY 22-23
- Disallowance of Section 43B(h) to sez units
- Confusion around Form 26QB fields
- Filing of Form 10BB instead of Filing Form 10B
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Last year input claim shown in gstr9
- GST Registration Cancellation books of accounts asked by officer
- TDS Deduction Online Learing Platform
- Point (III) 9 of GSTR-9C
- As per our records, find the below outstanding demand(s)* and interest payable u/s 220(2):
- Regarding transaction th. credit card
- HSN Details in IFF/GSTR-1 & in GSTR 9
- MIS MATCH OF INVOICE NUMBER
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
Trending Online Classes
CAclubindia
