TMI BlogCompanies (Accounts) Amendment Rules, 2016X X X X Extracts X X X X X X X X Extracts X X X X ..... date of their publication in the Official Gazette. 2. In the Companies (Accounts) Rules, 2014 , (hereinafter referred to as principal rules), in rule 6 , for the second proviso, the following proviso shall be substituted namely:- Provided further that nothing in this rule shall apply in respect of preparation of consolidated financial statements by a company if it meets the following conditions:- (i) it is a wholly-owned subsidiary, or is a partially-owned subsidiary of another company and all its other members, including those not otherwise entitled to vote, having been intimated in writing and for which the proof of delivery of such intimation is available with the company, do not object to the company not presenting consol ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rm AOC-I, the following form AOC-I shall be substituted, namely:- Form AOC-I (Pursuant to first proviso to sub-section (3) of section 129 read with rule 5 of Companies (Accounts) Rules, 2014 ) Statement containing salient features of the financial statement of subsidiaries or associate companies or joint ventures Part A Subsidiaries (Information in respect of each subsidiary to be presented with amounts in Rs.) 1. Sl. No. 2. Name of the subsidiary 3. The date since when subsidiary was acquired 4. Reporting period for the subsidiary concerned, if different from the holding company's reporting period. 5. Reporting currency and Exchange rate as on the last date of the relevant Financial year in the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Joint Venture Extent of Holding (in percentage) 4. Description of how there is significant influence 5. Reason why the associate/joint venture is not consolidated 6. Net worth attributable to shareholding as per latest audited Balance Sheet 7. Profit or Loss for the year ..... X X X X Extracts X X X X X X X X Extracts X X X X
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