branch audit
This query is : Resolved
CA Vijay Ramnani
(Querist)
04 October 2010
when is branch audit to be done in case of corporate assessee?
Ajay Mishra
(Expert)
05 October 2010
Meaning of “Branch Office”
Section 2(9) of the Companies Act, 1956 define the expression “Branch Office” in relation to company means:
(a) Any establishment described as branch by the company;
(b) Any establishment carrying on either the same or substantially the same activity as that carried on by the head office of the company; or
(c) Any establishment engaged in the production, processing or manufacture,
But does not include any establishment specified in any order made by Central Government under section 8.
Vide Circular F.No. 8/16(1)/61-PR, the term “Branch Office” includes any establishment engaged in any production, processing or manufacture. Branch office of a company registered under the Companies Act, 1956 may be located in India or elsewhere.
Appointment of Auditor
Where a company has a branch office, the accounts of that office shall be audited by the company’s auditor appointed u/s 224 or by a person qualified as auditor of the company u/s 226 of the Companies Act.
Regards
CS Ajay Mishra
Section 2(9) of the Companies Act, 1956 define the expression “Branch Office” in relation to company means:
(a) Any establishment described as branch by the company;
(b) Any establishment carrying on either the same or substantially the same activity as that carried on by the head office of the company; or
(c) Any establishment engaged in the production, processing or manufacture,
But does not include any establishment specified in any order made by Central Government under section 8.
Vide Circular F.No. 8/16(1)/61-PR, the term “Branch Office” includes any establishment engaged in any production, processing or manufacture. Branch office of a company registered under the Companies Act, 1956 may be located in India or elsewhere.
Appointment of Auditor
Where a company has a branch office, the accounts of that office shall be audited by the company’s auditor appointed u/s 224 or by a person qualified as auditor of the company u/s 226 of the Companies Act.
Regards
CS Ajay Mishra
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- EPF ECR NEW FILE SEP 17TH 2026
- Capital Gail Exemption Certificate
- Under marginal scheme
- Capitalgain tax purposes for valuation report compulsory
- SECTION 393(3) TAX ON CASH WITHDRAWAL
- Utilisation Fy 25-26 TDS challans in Fy 26-27 TDS Return
- TDS on Fixed Assets purchased
- Import of Software Service.
- Oct 2025 Invoices
- GST on Renting godown to KFCSC for Storage of Raagi
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
