Applicability form AOC-1

[GIRISH KUMAR]

Dear All,

Is it applicable to file form AOC-1, if the Indian Company having wholly owned subsidiary in abroad ?

and 

Is it applicable to file consolidated financial statement ?

Kindly confirm

[GIRISH KUMAR]

[CS Sumit Talreja]

AOC-1 is mandatory whether or not Subsidiaries are Indian or not.

Further Consolidated Financial Statement are compulsory for the FY 2015-16 onwards for Foreign Subsidiaries.
Thanks,
Sumit
8819016904

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[GIRISH KUMAR]

Thanks sumith.....can u tell me ..where it says...

[muthu kumaran]

Section 129(3) &  and Rule 6 of Companies (Accounts) Rules, 2014. 

Regards,

Muthukumaran

[GIRISH KUMAR]

Hi,
Last para in rule 6 says
Provided also that nothing in this rule shall apply in respect of consolidation of financial statement by a company having subsidiary or subsidiaries incorporated outside India only for the financial year commencing on or after 1st April 2014..

Can u tell me..what it means... Is it not required to file CFS...by the company who has foreign subsidiary..?