It is a general presumption that if an entity holds 50% or more voting rights of another entity then it can be further evaluated for assessing if any Control (for consolidation purposes) exists over the investee. HoweverInd-As -110 "Consolidated Financial Statements"para B 41-42 defines situat...
(b) of clause (iii) of sub-rule (1), as the case may be:' It would be noted from the above that where a company does not meet both the listing criterion [clause (a)] and the net worth criterion [clause (b)], it is required to apply Ind ASs if, and...
However, consolidation does not automatically mean that big fish are swallowing minnows. Again, US and EU cases offer many examples of two or more small operators with compatible customer franchises venturing together to increase their...