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Attachment of Balance Sheet with Holding Company

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Querist : Anonymous

Querist : Anonymous (Querist)

04 August 2010 A company (UAE)was incorporated in UAE on February 2010 wich is a subsidiary of an Indain Company (IND.)

My query is whether to meet the section 212 of the Companies Act, 1956, the Holding company (IND)should/must attach the Balance Sheet of the Subsy(UAE)with their Annual report to file the same with the Registrar of Companies in India.

Whether the Balance Sheet be represented in the INR or the Balance sheet prepared in the Currency of the Coutry, in which it was incorporated?

Thanks in anticipation.

Yours
CS Anand

Jagruti (CS)

Jagruti (CS) (Expert)
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05 August 2010 It should be in INR

Querist : Anonymous

Querist : Anonymous (Querist)

05 August 2010 Dear Jagruti,

What about the attachment of Balance Sheet of the newly incorporated Foreign Subsidiary with the Indian Holding Company.

Thanks

CS Anand

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