• Filter Your Search
            
       
 
Notifications
(0)
Circulars
(0)
Orders
(0)
News
(0)
Queries
(0)
No updates found in last 7 days.
Notifications|Circulars|Orders|News|Queries


Q & A

 
2281 Views 2 Ans

Hi Everyone, Kindly address my query. Our Company "Z india limited" is a Indian Public unlisted company having subsidiaries in Indian as well as abroad. The foreign subsidiary i.e. "F Singapore Limited" has further subsidiaries "A india ltd" and "B india limited". Q1. Kindly let me know if foreign company is also required to consolidate the accounts of its subsidiaries. Secondly, the indian subsidiary of Z limited also have further subsidiaries. Kindly let me know the following Q2. standalone accounts of subsidiaries would be combined with holding Company or consolidated accounts would be combined. Kindly help

Accounts

Posted By: Haryana 9 year(s) ago

This question has been closed if you want to answer,you have to re-open.


    haryana

Thank you for your reply Mr. Ankit. can you please throw some light on intermediate subsidiaries consolidation. As in my example: Z Limited is holding company which has F Limited and I Limited as subsidiaries. F ltd and I ltd further has subsidiaries, A ltd and B ltd respectively. Further as per notification dated 16.01.2015, consolidation is not required for companies having foreign subsidiaries only. Please correct me if i am wrong.

  • Comment
  •   Comment (0)

Expert    Ankit Singhi

Foreign companies r not covered by Indian laws. Holding company will consolidate and not th intermediate subsidiaries. MCA has issued a notification in the said regard. Please take note that consolidation is applicable from 2015-16

  • Comment
  •   Comment (0)

Recently Active Member

Recently Active Member

Pramod Prabhudesai
B D Jokhakar & Co

Post Your Question
My Q&A
 


Topic

Sections

About Q&A

Q & A is a unique platform to get your answers. You can create questions by topics or sections for easy identification of your query . You get various alerts to keep you connected and can also search your query.


So keep posting and stay connected
#
Companies Act 2013/1956
Decoding the New Act
Resource Center
My Section
Information Cafe
Calculators


COPYRIGHT NOTICE: All information and material posted in this website (including but not limited to text, audio, video or graphical images), are subject to copyrights owned by Corporate Professionals eSolutions Private Limited, its affiliates and associates. Any reproduction, retransmission, republication, or other use of all or part of this document is expressly prohibited, unless prior permission has been granted by Corporate Professionals eSolutions Private Limited. All other rights reserved.

© Corporate Professionals eSolutions Pvt Ltd. | All Rights reserved
Scroll