Consolidated accounts

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

22 November 2011 Hi,

Ours is a public unlisted company. Paid up capital more than Rs.5 Crores. we have 2 subsidiaries one in India and 1 abroad.

do we have to prepare consolidated accounts for this company.

Pl also mention the section under which this is required for further reference

Thanks in advance

Charu Srivastava

Charu Srivastava (Expert)
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23 November 2011 Any Company which has subsidiaries is required to prepare Consolidated Financial Statements as par AS-21

Follow the link

http://www.mca.gov.in/Ministry/notification/pdf/AS_21.pdf