Consolidated financial statements must be prepared and laid before the annual meeting for companies with subsidiaries or associates. Companies with subsidiaries or associate companies must prepare consolidated financial statements of the company and all subsidiaries and associates in the same form and manner as the company's own and in accordance with applicable accounting standards; such consolidated statements must be laid before the annual general meeting along with the company's financial statements, and a separate statement of salient features of each subsidiary's and associate's financial statement must be attached in a prescribed form.
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Provisions expressly mentioned in the judgment/order text.
Consolidated financial statements must be prepared and laid before the annual meeting for companies with subsidiaries or associates.
Companies with subsidiaries or associate companies must prepare consolidated financial statements of the company and all subsidiaries and associates in the same form and manner as the company's own and in accordance with applicable accounting standards; such consolidated statements must be laid before the annual general meeting along with the company's financial statements, and a separate statement of salient features of each subsidiary's and associate's financial statement must be attached in a prescribed form.
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