I had one query, one company had foreign subsidiary in Singapore and its balance sheet has been finalised in USD by their Auditors. Now, while filing Balance sheet of the holding company with ROC whether the accounts of subsidiary has been filed in USD or it should be converted into INR. if it should be converted into INR then whether the auditors of Holding company will convert or the auditors of subsidiary will convert those accounts
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Filing of accounts of foreign subsidiay
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I think as per the indian comapnies act,only accounts are required top be attached with the holding co accounts while filing and accounts of subsidiary company are required to file in singapore .so no issues on the above question as per my view.
PLEASE ENSURE THAT STATEMENT OF ASSETS AND LIABILITIES AND FORM APR ARE FILED IN RESPECT OF THE SAID SUBSIDIARY UNDER FEMA.
Anuj
+91-9810106211
femaquery @ gmail.com
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