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Questions › Category: CA-Final Corporate Governance › Material subsidiary
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P sasikalap sasikala asked 2 years ago

If a subsidiary becomes material subsidiary based on its income, then if in the next year if income is less than 20% of consolidated income, then also will it be considered as material subsidiary?

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RaviRavi Staff answered 2 years ago

For material subsidiary we have to check status every year as per previous year accounting data. so status can change from year to year.