It is noteworthy that Ind AS 110, Consolidated Financial Statements, applies in respect of consolidation of not only those subsidiaries that were acquired by way of business combinations but also those entities which were formed by the parent itself and have been the parent...
Ind-As -110 �Consolidated Financial Statements� para B 41-42 defines situation where even an entity holds less than 50% of the voting rights of another entity
CONSOLIDATION, MERGER, CONVEYANCE, TRANSFER OR LEASE 42 Section 801. Company or Any Guarantor May Consolidate, etc., Only on Certain Terms 42 Section 802. Successor Substituted. 43 ARTICLE NINE SUPPLEMENTAL INDENTURES 44 Section 901. Supplemental Indentures and Agreements without Consent of Holders....
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...