Ashwani Narnoli (.) (1843 Points)
11 August 2023Hi, I need to know the applicability of Indas on Company F. Details are as given below:
Company M (NBFC Company having networth of Rs 50 Crores) is subsidiary of Company P (Listed Company). Company M has an wholly owned Subsidiary named Company F. Whether Company F is required to prepare Financials as per IndAS or AS.
Please note that Company M is required to follow AS and Company P is required to follow IndAS.
Venkata Kalyan
(3 Points)
Replied 11 August 2023
Ashwani Narnoli
(.)
(1843 Points)
Replied 12 August 2023
I am asking for Applicability of IndAS on Company F
Yasaswi Gomes new
(Finance )
(4514 Points)
Replied 12 August 2023
If it applicable to F then F will make statements as per F.
CAclubindia
