This is w.r.t COI Funtion. Say Company A is holding 80% in Company B and Company B is holding 60% in Company C. Later in say after 3 months Company A directly acquires 15% in Company C. The treatment of acquistion is Direct shares.I have RE for PY and CY. The issue is when Company A acquires 15% in Company C, it should consider all its profits till date for arriving at GW / Negative GW. So even RE CY has to be included in first consolidation. But when it comes to B in case of C the RE CY is considered as subsequent consolidation.
And the issue is we cannot post any manual entires for RE CY as this is clearing item.So any thoughts on this?