implcation of section-212 of Companies Act, on overseas subs
This query is : Resolved
26 September 2008
I would like to know the implication of section-212 of Companies Act, 1956 on overseas subsidiaries.Do we have to prepare balance sheet , profit and loss account , directors' report and auditors' report of overseas subsidiaries in accordance with companies Act, 1956 apart from the respective country's law or is there a way out for this??
26 September 2008
You have to present it in the same format as in Companies Act 1956.
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