Explain the provisions contained in Section 129 of the Companies Act, 2013 and Companies (Accounts) Rules, 2014 relating to financial statements of Holding Company.

The provisions relating to financial statements of Holding Company as contained in Section 129 of the Companies Act, 2013 and the Companies (Accounts) Rules, 2014 are given below: Where a company has one or more subsidiaries, it shall prepare a consolidated financial statement of the company and of all the subsidiaries in the same form and manner as that of its own which shall also be laid before the annual general meeting of the company along with the laying of its financial statement. The company shall also attach along with its financial statement, a separate statement containing the salient features of the financial statement of its subsidiary or subsidiaries in such form may be prescribed. The statement containing the salient feature of the financial statement of a company's subsidiary or subsidiaries, associate company or companies and joint venture or ventures shall be in Form AOC-1. Provided that the Central Government may provide for the consolidation of accounts of companies in such manner as may be prescribed. The provisions of the Companies Act, 2013 applicable to the preparation, adoption and audit of the financial statements of a holding company shall, mutatis mutandis, apply to the consolidated financial statements.