AS 18

In this question, R ltd hold 10% shares directly and 15% shares indirectly through subsidiary S ltd in T ltd. It means R ltd has significant influence (25%) on T ltd hence related party under para 3(b). 👉ICAI solution 10% directly + 9% indirectly ( 60% of 15%) =19% Hence no significant influence, not related party, no disclosure. Also T ltd is listed company it means AS is not applicable. How to approach this question ❓

Jitendra Kumar

CA Final

★ 41K+

19-Oct-23 09:29

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