31 October 2007
My company is exempted from the attaching the balance sheet with the Holding company the details of and the BS and P&L of subsidiary Is it exempted only to send the holding company balance sheet with out the subsidiary balance sheet or even in filing with the ROC the subsidiary company balance sheets need not be filed
31 October 2007
Since without referring to exemption letter, it may not be appropriate to anser this query. However, in case you have got exemption under section 212, it will give exemption from requirement of Section 212, i.e.attaching financials of the subsidiary with the Balance sheet of holding company. The requirement of filing of Balance Sheet with ROC is requirement under Section 220.
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