Filing of balance sheet of foreign subsidiary
This query is : Resolved
Sarabjeet Kaur
(Querist)
14 December 2011
I had one query, one company had foreign subsidiary in Singapore and its balance sheet has been finalised in USD by their Auditors. Now, while filing Balance sheet of the holding company with ROC whether the accounts of subsidiary has been filed in USD or it should be converted into INR. if it should be converted into INR then whether the auditors of Holding company will convert or the auditors of subsidiary will convert those accounts
Darshit Joshi
(Expert)
14 December 2011
It has to be converted into INR.and it has to be done by Holding company's accounts dept. Auditor never prepares Final Accounts.
Sarabjeet Kaur
(Querist)
14 December 2011
but he will have to certify those accounts
Dhirajlal Rambhia
(Expert)
23 July 2023
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