Companies Act, 2013

Section 214

Accounts of subsidiary company

⚡ Quick Answer Reference: Section 214 Companies Act

Provision: Section 214 of Companies Act
Act: Companies Act, 2013
Classification: corporate
Jurisdiction: India

Statutory Content

What does Section 214 of Companies Act say?

Every subsidiary company shall prepare a balance sheet and a profit and loss account in such form and manner as may be prescribed, and shall also prepare a consolidated balance sheet and a consolidated profit and loss account of the group, in such form and manner as may be prescribed.

Indian StandardSection 214, Companies Act, 2013

Bluebook (21st ed.)Companies Act, 2013, § 214 (India)

Court Pleading StandardSection 214 of the Companies Act, 2013

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Source: Gazette of India (Official Publication)Verify egazette.gov.in ↗

Common Questions about Section 214 Companies Act

What is Section 214 of Companies Act?

Section 214 of the Companies Act, 2013 (Companies Act) defines and regulates "Accounts of subsidiary company". The section states: Every subsidiary company shall prepare a balance sheet and a profit and loss account in such form and manner as may be prescribed, and shall also prepare a consolidated balance she...

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