Web16 Oct 2024 · Section 2 (87) of the Companies Act, 2013 defines the term subsidiary or subsidiary company. It states that a company is said to be the subsidiary of another … Web28 Jul 2024 · Interest-free loans are not rare among entities under common control. Therefore, strictly speaking, the difference between the fair value of such loan and the …
IND-AS & IFRS
Web29 Jan 2024 · Recognition under Ind AS 102. An entity shall recognise the goods or services received or acquired in a share-based payment transaction when it obtains the goods or … Web11 Nov 2024 · Let’s understand the accounting of financial guarantee as per Ind AS 109: ABC India Limited has issued Financial Guarantee to Bank for the Loan taken by BCD India Limited. Had there been no guarantee, the bank would have given loan to BCD @ 10% per annum, this is due to enhanced credit worthiness of loan. garage door repair thornton co
Accounting standards on Mergers & Acquisitions - Ind AS 103 and …
Web1 Apr 2024 · Shares of subsidiary companies. Advance given for purchase of goods. Investment in perpetual debt carrying interest at fixed rate. Prepaid expense. Deferred tax asset CENVAT credit receivable. Lease deposit paid Shares of the entity held by consolidated ESOP Trust Option held by the entity. The entity is buyer of the option … WebInd AS 103, Business Combination requires that for each business combination, where an acquirer does not acquire 100 per cent of a subsidiary, then the acquirer can elect on a … Web12 Apr 2024 · (Effective from 20-09-2024) Explanation.—For the purposes of this clause,— (a) a company shall be deemed to be a subsidiary company of the holding company even if the control referred to in sub-clause (i) or sub-clause (ii) is of another subsidiary company of the holding company; black market euros to naira