Related party disclosure-as18
This query is : Resolved
CA RICHA BADALIA
(Querist)
30 July 2013
Say a company XYZ limited was holding company of ABC limited till 30.03.2013. On 31.03.2013 share holding got reduced to 49% and it became an associate of ABC limited. How to disclose the above in ABC's notes to the financial statement 2012-13 of related party as per AS-18??
01 August 2013
Disclose in related party disclosure as "Significant shareholder" followed by within brackets "(holding company till 30.03.2013)"
Note XYZ may be still a holding company because of Directorship
Note XYZ may be still a holding company because of Directorship
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CA RICHA BADALIA
(Querist)
01 August 2013
Ok thanks!
But how can XYZ be still a holding co. bcoz of directorship??
But how can XYZ be still a holding co. bcoz of directorship??
01 August 2013
As per the holding - subsidiary company definition of Companies act
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