Posts made in September, 2014

Mandatory Consolidated Financial Statements as per Companies Act 2013

Posted by on Sep 24, 2014 in Featured | Comments Off on Mandatory Consolidated Financial Statements as per Companies Act 2013

Under the new provisions of Companies Act 2013, any holding company (private or listed) shall prepare a Consolidated Financial Statement of the company alongwith its subsidiaries, associates and joint ventures and lay before the AGM. The earlier Companies Act only mandated listed companies to publish consolidated accounts. The Financial Statement shall be in the form as provided in Schedule III which is in line with Revised Schedule VI. In case subsidiaries, associates or JV’s have not been considered for consolidation, the same have to be disclosed alongwith reasons for non...

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