Which form contains the salient financial features of a company’s subsidiaries, associates or joint ventures under the Companies (Accounts) Rules, 2014?
Question and options
Which form contains the salient financial features of a company’s subsidiaries, associates or joint ventures under the Companies (Accounts) Rules, 2014?
AOC-3
AOC-1
AOC-5
AOC-2
Answer and explanation
The first proviso to section 129(3) of the Companies Act, 2013, read with rule 5 of the Companies (Accounts) Rules, 2014, requires a statement of the salient features of the financial statements of subsidiaries, associates and joint ventures in Form AOC-1. Form AOC-2 discloses related party contracts and AOC-4 is the filing of financial statements.
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