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Whether in a Private Company consolidation financial statement is mandatory if having wholly owned subsidiary company or associate Company ? and Whether filing is mandatory to ROC ?

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Posted By: Arun rajabhau joshi 8 year(s) ago

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Shivam Singhal

Sub Section (3) of Section 129 of the Companies Act, 2013 mandates every company to prepare a consolidated financial statement for all the Companies having one or more subsidiaries. “Every Company includes private company also” “Subsidiary includes Associate Companies and Joint Ventures both in India and Foreign country” Conclusion: Every Private Company having wholly owned subsidiaries or associate company have required to file the consolidated financials statement in separate form No. Form- AOC-4 CFS

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