https://www.taxtmi.com/acts?id=41007 This Standard prescribes preparation and presentation of consolidated financial statements by a parent to present the group as a single economic entity, defines control, parent, subsidiary, group and minority interest, requires consolidation of all subsidiaries subject to limited exclusions, mandates line by line combination with elimination of parent investment against subsidiary equity (recognising goodwill or capital reserve as applicable), separate presentation of minority interest, elimination of intragroup transactions and unrealised profits, and uniform accounting policies with specified disclosures for subsidiaries and reporting date differences. en-us Sat, 05 Nov 2022 16:25:20 +0530 Tue, 06 Jan 2026 15:25:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=41007 This Standard prescribes preparation and presentation of consolidated financial statements by a parent to present the group as a single economic entity, defines control, parent, subsidiary, group and minority interest, requires consolidation of all subsidiaries subject to limited exclusions, mandates line by line combination with elimination of parent investment against subsidiary equity (recognising goodwill or capital reserve as applicable), separate presentation of minority interest, elimination of intragroup transactions and unrealised profits, and uniform accounting policies with specified disclosures for subsidiaries and reporting date differences. Act-Rules Companies Law Sat, 05 Nov 2022 16:25:20 +0530 https://www.taxtmi.com/acts?id=41007