True PatriotismTrue Patriotism asked 2 years ago

Sir,

In application of CARO 2016,
For the purpose  of “Private Companies “

we see that whether it is a “subsidiary” or “holding” of a Public companies or not..

My Doubt is that :

whether the word “subsidiary” include “Joint venture” or “associate” too..???

1 Answers
Auditaudit Staff answered 1 year ago

no here subsidiary word doesn’t include joint venture and associate.
subsidiary includes associate and JV only for limited purpose where specified like , for consolidation subsidiary includes associate and JV.

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