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Mohan Oli

Mohan Oli (Querist)
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07 September 2014 dear sir ,
please tell me the ca firms vaccancy at bangalore

Ankur Garg

Ankur Garg (Expert)
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07 September 2014 CA Firms for articleship

You are requested to explore the links given below to locate CA Firms for articleship near your place. Please go through the given links as they are really useful:

http://caknowledgeclub.com/caauditfirms.php

http://caknowledgeclub.com/vacancies_search.php

Also Check following websites:

www.topcafirms.com
www.charteredclub.com
www.caclubindia.com

Regards
Ankur Garg

Mohan Oli

Mohan Oli (Querist)
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08 September 2014 i have not get any vacancy in firms.is it no possible to find ca firms at banglore.

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Mohan Oli

Mohan Oli (Querist)
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03 October 2014 is this caclubindia is only for delhi state ?i only find articleship vacancy of delhi but only 3 4 vacancy for bangalore and chennai?
what is the reason?

Mohan Oli

Mohan Oli (Querist)
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24 July 2015 Dear Expert
A subsidiary company sale its shares to its holding company. What will be the treatment of the same ? and how will it be present the sale of shares in the books of holding company and subsidiary company as per accounting standard?

Asha Kanta Sharma online

Asha Kanta Sharma

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25 July 2024 When a subsidiary company sells its shares to its holding company, the accounting treatment and presentation in the books of both companies would typically follow the guidelines laid out in the applicable accounting standards, specifically focusing on related party transactions.

### Treatment in the Books of the Subsidiary Company:

1. **Recording the Sale**:
- The subsidiary company would record the sale of shares to its holding company at the transaction price agreed upon between the parties. This price should reflect fair value, which could be the market value of the shares at the date of transaction.

2. **Accounting Entries**:
- Debit: Bank or Receivable (depending on whether payment is immediate or deferred).
- Credit: Share Capital or Equity Account (to reduce the equity stake in the subsidiary).
- Credit: Gain on Sale of Shares (if the sale price exceeds the carrying value of the shares).

3. **Disclosure Requirements**:
- The subsidiary company should disclose the nature and extent of the transaction in its financial statements, including the amount of consideration received, any gain or loss recognized, and the relationship with the holding company (as a related party).

### Treatment in the Books of the Holding Company:

1. **Recording the Purchase**:
- The holding company would record the purchase of shares from its subsidiary at the transaction price agreed upon.

2. **Accounting Entries**:
- Debit: Investment in Subsidiary (to increase the investment carrying amount).
- Credit: Bank or Payable (depending on whether payment is immediate or deferred).

3. **Disclosure Requirements**:
- The holding company should disclose the acquisition of shares in its financial statements, specifying the amount paid, any adjustments made to the investment account, and the relationship with the subsidiary (as a related party).

### Accounting Standards and Guidance:

- **AS 13 - Accounting for Investments**: Provides guidance on the accounting treatment for investments, including acquisitions and disposals.
- **AS 18 - Related Party Disclosures**: Requires disclosure of transactions and outstanding balances with related parties, such as subsidiaries and holding companies.
- **AS 10 - Property, Plant and Equipment**: Provides guidance on measuring and presenting gains or losses on disposal of assets, which may be relevant if there is a significant gain or loss on the sale of shares.

### Additional Considerations:

- **Fair Value**: Ensure that the transaction price reflects fair value to comply with accounting standards.
- **Transfer Pricing**: If applicable, ensure that the transaction is conducted at arm's length, especially if there are regulatory requirements or tax implications related to related party transactions.

### Conclusion:

The sale of shares from a subsidiary to its holding company involves straightforward accounting entries to reflect the transaction in both companies' books. Compliance with relevant accounting standards ensures transparency and accuracy in financial reporting, particularly in disclosing related party transactions. It's advisable to consult with a qualified accountant or financial advisor to ensure compliance with specific regulatory requirements and to address any unique circumstances related to the transaction.

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