Sir, Holding Ltd acquires 60% shares of Subsidiary Ltd during June 2020 and sells 45% shares in the month of March 2021 itself. Is Subsidiary Limited considered Subsidiary of Holding as on 31.03.2021 ? Are the conditions of Sub/Asso/Jv checked during the year OR as on date of Balance Sheet? Will consolidation apply ? Is there a question of exemption (temporary investment) in this case ?