Consolidated financial statements
NANI ROCK (10 Points)
07 December 2017
What are the provisions for preparation of consolidated financial statements?
1 Replies
Amir Sk
(CA)
(96 Points)
Replied 09 December 2017
Companies Act 2013 (‘the Act’), in terms of Section 129(3), establishes the requirement for consolidated financial statements for Indian companies and provides that where a company has one or more subsidiaries, it shall prepare a consolidated financial statements of the parent company and its subsidiaries, joint ventures and associates.
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