Shubham BhardwajShubham bhardwaj asked 2 years ago

In Consolidated Question, A Ltd (Holding co.) holds 51% in B Ltd (temporary time)…As per AS-21.  CFS not be prepared…but as per S.129 of company law..it is to be prepared….now what to answer in a conclusion…..

1 Answers
RaviRavi Staff answered 2 years ago

Temporary Holding —  No Consolidation as per AS 21 — Sec 129 Says follow Schedule III — Sch III says give list of subsidiaries which are not consolidated along with reason for each one of them.
PM and Suggested answer is in appropriate they should have given flow and conclision as given above

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