Subsidiary company

Exemptions for preparation of financial statements: Preparation of CFS is not required if its ultimate or any intermediate holding company files CFS with registrar which are in compliance with the applicable Accouunting standards Altd is required to file CFS.

Lavanya Chitturi

CA Inter

★ 895

17-Jul-20 12:26

So does that mean A Ltd is not required to prepare consolidated financial statements with respect to C Ltd ?

Thread Starter

Swathi Krishna

CA Final

★ 8K+

17-Jul-20 22:09

A ltd. Should prepare CFS and Blt. should provide A ltd. Statement of salient features to A ltd which would be prepared along with CFS.

Lavanya Chitturi

CA Inter

★ 895

20-Jul-20 13:26

What about the information of c Ltd B Ltd should provide that

Thread Starter

Swathi Krishna

CA Final

★ 8K+

20-Jul-20 13:33

C ltd. will be ultimately considered by B ltd while preparing such Statement of salient features.

Lavanya Chitturi

CA Inter

★ 895

20-Jul-20 13:37

K thax

Thread Starter

Swathi Krishna

CA Final

★ 8K+

20-Jul-20 13:39