Under what circumstances the holding company is exempted from the consolidation of the financial statements of its foreign subsidiary.
Shrilakshmi (ACS) (58 Points)
18 June 2015Under what circumstances the holding company is exempted from the consolidation of the financial statements of its foreign subsidiary.
CA Puru Goyal
(CA DISA)
(150 Points)
Replied 06 August 2015
As per the conditioned mentioned in AS 21 as:-
1.Long term restriction on fund transferrability
2.Not exercisiing of significant influence and control
3.Holding companie's plan to dispose subsidiary in coming period
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