https://www.taxtmi.com/news?id=13466 The amendment to rule 6 provides that preparation of consolidated financial statements is not required for an intermediate wholly owned subsidiary except where its immediate parent is a foreign company, and, subject to other laws, companies without subsidiaries but with associates or joint ventures are exempt from consolidation for the specified financial year. en-us Wed, 15 Oct 2014 10:10:40 +0530 Wed, 15 Oct 2014 10:10:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=13466 The amendment to rule 6 provides that preparation of consolidated financial statements is not required for an intermediate wholly owned subsidiary except where its immediate parent is a foreign company, and, subject to other laws, companies without subsidiaries but with associates or joint ventures are exempt from consolidation for the specified financial year. News - Wed, 15 Oct 2014 10:10:40 +0530 https://www.taxtmi.com/news?id=13466