I want to know that it is mandatory for a limited company )not a listed company) to prepare consolidated accounts. If yes kindly give me reference of that section.
But as per AS-21, if the company is required to consolidate their accounts as per the requirements of any other statute then the company should consolidate their accounts according to AS-21.
I want to know that whether it is mentioned in any other statute that it mandatory for a private company to consolidate its accounts.
CAclubindia
