AOC-4 requires disclosure of subsidiary company, as defined under clause (87) of section 2 .
We have a wholly owned and two step down subsidiary companies in Mauritius. Do we require to tick "Yes" , then there is no CIN.
Further, beyond wholly owned subsidiary, we do not consolidate books of accounts. Even step down subsidiaries(100% as well as 70% stake owned by our wholly owned subsidiary) books of accounts are not consodliated in Wholly owned subsidiary's accounts. Auditor simply mentions this fact. Is it tanamount to qualification / adverse remark or not?
