valid as on 23/07/2024

9.1.5-Companies (Accounts) Rules,2014

5.Form of Statement containing salient features of financial statements of subsidiaries.-

The statement containing the salient feature of the financial statement of a company’s subsidiary or subsidiaries,  or companies and joint venture or ventures under the first proviso to sub-section (3) of section 129 shall be in 

2(6) Associate Company, in relation to another company, means a company in which that other company has a significant influence, but which is not a subsidiary company of the company having such influence and includes a joint venture company.
Explanation.—For the purpose of this clause—
(a) the expression “significant influence” means control of at least twenty per cent. of total voting power, or control of or participation in business decisions under an agreement;
(b) the expression “joint venture” means a joint arrangement whereby the parties that have joint control of the arrangement have rights to the net assets of the arrangement;
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Form AOC-1

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