Regarding 212(8)

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

21 June 2013 Dear Sir/Madam,

Can u please give me details regarding Statement pursuant exemption granted u/s. 212(8) relating to Subsidiary Companies.:-

Regarding for :-

Total Assets (Fixed Assets + Current Assets)

As per new schedule VI can u send me details which can i add for fixed assets + current assets

Querist : Anonymous

Querist : Anonymous (Querist)

16 October 2013 yes Can u please give me details regarding Statement pursuant exemption granted
u/s. 212(8) relating to Subsidiary Companies.:-
Regarding for :-
Total Assets (Fixed Assets + Current Assets)
As per new schedule VI can u send me details which can i add for fixed assets +
current assets

Aashok Kumar Sharma

Aashok Kumar Sharma (Expert)
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20 July 2025 Regarding Section 212(8) of the Companies Act, 1956 (now replaced by provisions under the Companies Act, 2013), this section allowed certain exemptions to holding companies from attaching the full balance sheet and profit & loss account of subsidiary companies, instead allowing a statement containing summarized information.

What is Statement Pursuant to Exemption under Section 212(8)?
Instead of attaching detailed financials of subsidiaries, the holding company can attach a statement containing summarized key financial data of subsidiaries.
Details to be included for Total Assets (Fixed Assets + Current Assets) as per New Schedule VI (now Schedule III under Companies Act, 2013):
Fixed Assets:

Under new Schedule VI/III, Fixed Assets are broadly categorized into:

Tangible Assets:
Land, Buildings
Plant & Machinery
Furniture & Fixtures
Vehicles
Office Equipment
Intangible Assets:
Goodwill
Patents, Trademarks
Software
Capital Work-in-Progress:
Assets under construction
You should sum up the net book value (after depreciation) of all these items to represent Total Fixed Assets.

Current Assets:

Current Assets generally include:

Inventories
Trade Receivables
Cash and Cash Equivalents
Short-term Loans and Advances
Other Current Assets (like prepaid expenses, etc.)
Add all these to get Total Current Assets.

For preparing the Statement under 212(8):
You should include:

Particulars Amount (₹)
Total Fixed Assets (Net) [Sum of tangible + intangible + CWIP]
Total Current Assets [Sum of inventories + receivables + cash + advances + others]
Total Assets (Fixed + Current) [Sum of above two]
Important:
The amounts should be from the subsidiary company's latest audited financial statements prepared as per Schedule VI/III.
The statement should clearly mention the period for which figures are given.
The format should comply with the form prescribed by the company law / rules.

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