https://www.taxtmi.com/acts?id=18367 Consolidation of financial statements must follow Schedule III and applicable accounting standards; companies covered by section 129(3) not required by Accounting Standards to prepare consolidated statements need only comply with Schedule III. Exceptions allow omission of consolidated statements where the entity is wholly- or partially-owned with non-objection by members, securities are unlisted and the ultimate or intermediate holding company files compliant consolidated statements with the Registrar; transitional provisions limit application for certain financial years and for subsidiaries outside India. en-us Tue, 01 Apr 2014 07:50:38 +0530 Sat, 14 Mar 2026 10:53:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=18367 Consolidation of financial statements must follow Schedule III and applicable accounting standards; companies covered by section 129(3) not required by Accounting Standards to prepare consolidated statements need only comply with Schedule III. Exceptions allow omission of consolidated statements where the entity is wholly- or partially-owned with non-objection by members, securities are unlisted and the ultimate or intermediate holding company files compliant consolidated statements with the Registrar; transitional provisions limit application for certain financial years and for subsidiaries outside India. Act-Rules Companies Law Tue, 01 Apr 2014 07:50:38 +0530 https://www.taxtmi.com/acts?id=18367