Re: [aaykarbhavan] Whether to attach all the Balance sheets of Subsidiary in 23AC in case of Pvt Ltd Co.

My reply is in below message.

C A Shah D J

USA

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From: Rajat Goenka <rajat_goenka@hotmail.com>
To: Young Company Secretaries Group <young_companysecretaries@yahoogroups.com>; CS Company Secretaries Group <cs_companysecretaries@yahoogroups.com>; Company Secretary Group <company_secretary@yahoogroups.com>; Aaykar Bhavan Group <aaykarbhavan@yahoogroups.com>
Sent: Thursday, 11 October 2012 8:47 AM
Subject: [aaykarbhavan] Whether to attach all the Balance sheets of Subsidiary in 23AC in case of Pvt Ltd Co.

 

Can anyone please guide me on the following;

There is a holding Co. having 9 subsidiary Cos. All are Pvt Ltd Cos.

Is the Holding company required to consolidate all the balance sheets.   EXEMPTION SEE VISIT THIS LINK.

http://www.google.com/#hl=en&tbo=d&spell=1&q=Exemption+from+attaching+Balance+Sheets+of+Subsidiary+Companies+under+Indian+Companies+Act&sa=X&ei=jeB2UK_BG8202AXIkIHQBg&ved=0CCoQvwUoAA&bav=on.2,or.r_gc.r_pw.r_qf.&fp=e236c6861bec4a60&bpcl=35243188&biw=1366&bih=598

And also whether in 23AC we need to attach the balance sheet of all 10 Cos. or the consolidated or just holding Cos. balance sheet.
Visit This Link.

http://www.google.com/#hl=en&tbo=d&spell=1&q=whether+in+23AC+we+need+to+attach+the+balance+sheet+of+all+10+Subsidiary+Companies.+of+the+consolidated+or+just+holding+Cos.+balance+sheet.&sa=X&ei=-eB2UNfEPMLi2gXe5oD4BQ&ved=0CCoQBSgA&bav=on.2,or.r_gc.r_pw.r_qf.&fp=e236c6861bec4a60&bpcl=35243188&biw=1366&bih=598

Professionally yours,
CA. Rajat Goenka

Chartered Accountants 
 :C/o Tirupati Hosiery
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        1st Floor,
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