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implcation of section-212 of Companies Act, on overseas subs

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(Querist)
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??
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S.Srinivasaraghavan

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S.Srinivasaraghavan (Expert)
26 September 2008 You have to present it in the same format as in Companies Act 1956.
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