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PRAKASH MATUPALLIPRAKASH MATUPALLI asked 4 months ago

Sir
A parent company is exempted from preparing consolidated financial statements if a company whose securities are not listed or in the process of listing on any stock exchange whether in india or outside india whether this condition is with respect to parent company or subsidiary company ???
in this question xcess ltd is having 2 subsidiaries xcess ltd securities are not listed in stock exchange in or outside india Will consolidated financial statements be applicable to xcess ltd is the question ???
Answer given As preparation of consolidated financial statements is applicable to xcess ltd

1 Answers
RaviRavi Staff answered 4 months ago

Consolidation is mandatory to all companies, having subsidiaries / associates, irrespective of listed or unlisted, public or private  

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