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Consolidation of account

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(Querist)
25 May 2011 Is it necessary for an unlisted holding company to consolidate accounts of an unlisted subsidiary company where the holding company beneficially owns more than 90% shares of the said subsidiary company.
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Bindu Madhav

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Bindu Madhav (Expert)
25 May 2011 Consolidation is not applicable for unlisted companies

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