A Person X holds 90% of shares in a company X and is also a partner in a Firm Y and LLP Z. Should any of the entity prepare CFS as per AS and IND AS?
A Person X holds 90% of shares in a company X and is also a partner in a Firm Y and LLP Z. Should any of the entity prepare CFS as per AS and IND AS?
Since none of these companies/entities can be called as subsidiary/JV/Associate, there should be no requirement to prepare CFS.
Regards,
Rajeev Bhargav
rajeev @ rbhargav.com
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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