Accounts of Foreign Company

Dear Bhavana,

You need to mention the date of closing of books of Liaison office in India, i.e., 31st March, 2009.  Pl make sure that the parent company audited accounts as on 31st March, 2008 is enclosed as an attachment.

Rags

As per the RBI Act, Liasion office can not do business in India. The balance sheet of your liasion office is made for preparing the Income-Expense statement and not for the purpose of filling it with the ROC or anyother place.

So, In the any case of Liasion office the filling of accounts date will be the date of balance sheet of foreign company.

Note: Some provisions are not mentioned in any law but they are interpreted with general rules of the Interpretation of statute. In this case the general rule says that whethet liasion office can do business in India or not. and RBI Act says that Liasion office can not do business in India.

If you need further clarification than contact me.