Consolidated balance sheet

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Sachin Kumar (Querist)
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26 February 2019 One Private Limited company had done investment in another private limited company (holds more than 20% of shares) so these are associate companies.
Does consolidated balance sheet is required...?

KAVIRAJA ADDANGADI

KAVIRAJA ADDANGADI (Expert)
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26 February 2019 (a) the ownership, directly or indirectly through subsidiary(ies), of more than one-half of the voting power of an enterprise; or

(b) control of the composition of the board of directors in the case of a company or of the composition of the corresponding governing body in case of any other enterprise so as to obtain economic benefits from its activities.

A subsidiary is an enterprise that is controlled by another enterprise (known as the parent).

A parent is an enterprise that has one or more subsidiaries.

A group is a parent and all its subsidiaries.
Consolidated financial statements are the financial statements of a group presented as those of a single enterprise.

Above case consolidation is not required.

Sachin Kumar

Sachin Kumar (Querist)
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26 February 2019 Dear Sir, As per section 129 of companies act, 2013 subsidiary includes associate companies. (Companies Amendment Act, 2017 Effective from 07 May 2018) I want to know whether consolidation is required while making Balance Sheet of F.Y. 2017-18....?

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