Companies act and consolidation


The new companies act is enacted to consolidate and amend the law relating to the companies.

 

 

 

what is consolidation in the given statement?

 
Reply   
 

Greetings,

CONSOLIDATION OF FINANCIAL STATEMENTS Section 129 of the Companies Act, 2013 ('the Act') provides that the financial statements of the Company shall give true and fair view of state of affairs of the Company, comply with applicable accounting standards and shall be made as per Schedule III of the Act.

Hope this helps.

Regards

 
Reply   
 


LEAVE A REPLY


    

Your are not logged in . Please login to post replies

Click here to Login / Register  


 

  Search Forum








×

Menu

Post a Suggestion for LCI Team
Post a Legal Query
Forensics & Evidence     |    x