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Preparation of consolidated financial statements

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(Querist)
18 March 2019 Whether Consolidated Balance sheet and Profit & Loss Account required when a private company invest in another private company for 60% of share capital
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
18 March 2019 Yes, CFS is required. Inference - Section 2 (46) of the Co's Act,2013.

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