As-21
This query is : Resolved
11 August 2012
A CLOSELY HELD LIMITED COMPANY (LEVEL III -SMC) HOLDS 80% OF EQUITY OF A PVT LTD CO.
PLEASE CONFIRM:
AS-21, CONSOLIDATED FINANCIAL STATEMENTS WILL APPLY OR NOT ?
PLEASE CONFIRM:
AS-21, CONSOLIDATED FINANCIAL STATEMENTS WILL APPLY OR NOT ?
11 August 2012
what is the Level of the company in which the company holds 80% shares
if it is Level I company then it is covered
by AS-21
if it is Level I company then it is covered
by AS-21
11 August 2012
IF IT IS LEVEL III ONLY THEN ?
11 August 2012
if it is Level III then AS-21 is not applicable
11 August 2012
THANKS FOR YOUR VALUABLE SUGGESTION.
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