Consolidation of accounts

vaibhav (CA & CS) (577 Points)

27 November 2014  

Dear All,

Has New Companies Act 2013 made mandatory Consolidation of Accounts ?

My company has got 5 foreign subsidaries and 4 Indian Associates and 2 Indian Joint venture companies ........... so do we need to prepare the consolidation accounts as on 31 March 2015.

Thanks & Regards,

Vaibhav