Annual Report

Obtain approval from the CG under section 212 (8) for exemption from attaching annual accounts of the subsidiary.

Thnxs for ur reply Ashish.

But would it be possible to attach only stand alone results only and mentioned in the directors report that Directors report of subsidiary is not attached due to the reason specified.

CG approval would take long time.

Kindly soliciate your views.

Regards,

Meenu

 Dear Meenu

Under section 212 you have to attach the B/s of the Subsidiary unless exemption given by the Central Government. Further you need to check whether as per the Accounting Standards, you need to give a consolidated accounts. You should take advise of an expert in this matter. 

Regards

Malav Shah

Kindly do let me know the accounting Standard No?

Further the Company is our indirect subsidiary.

Pls. clarify.

Best regards,

Meenu

Kindly Reply its urgent.

Regards,

Meenu

If AGM not held, you need not attach director's report. But you have to give stand alone B/S as well as consolidated B/s along with the statement u/s 212.

Dear Ashish,

Kindly do let me know the procedure for filling the form 23AAB with Cg.

generally. how much time it takes?

Best Regards,

Meenu

file application along with board resolution, previous year's balance sheet, reasons for application, details of subsidiary. As far as time for processing is concerned, it all depends on the out of pocket expenses.

Dear Ashish,

Kindly clarify wh kind of BR, details of subsidiary.Secondly, only to file form 23AAB is sufficient co'z that is to file with RO . But how to apply CG for the same.Any hard copy is also to be filed?

Kindly reply urgently.

Best Regards,

Meenu