Foreign subsidiary

607 views 2 replies

 

I had some queries regarding Foreign Subsidiaries. Following are the details of the same:


Our Company has six subsidiary companies out of which four are in foreign country


We also have four subsidiary companies of one of our foreign subsidiary company (i.e these are our indirect subsidiary)


Now as per section 212, do we need to give the details of all our subsidiaries including indirect subsidiaries or we will have to give the details of our direct subsidiaries only.


Further if the Indian Auditor audits the accounts of our foreign subsidiary, then will it be valid or no


Further will the details of our subsidiary company will also be given in XBRL format ?

 

I will be very thankful to you if u can guide me on the above mentioned issue


Replies (2)

 

as per section 212, do we need to give the details of all our subsidiaries including indirect subsidiaries or we will have to give the details of our direct subsidiaries only. 212 statement for Only direct Subsidary


Further if the Indian Auditor audits the accounts of our foreign subsidiary, then will it be valid or no Valid


Further will the details of our subsidiary company will also be given in XBRL format ? Yes, but there is some ambiguity w.r.t. class of companies, clarificattion sought from MCA..., over all these details will go in XBRL Mode.


Regards

Jaideep Pandya

Thank you for the wonderful reply Mr. Jaideep  

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
24 June 2026
Senior Account (VA Client Operations)

Karbon Business

Bengaluru

CA Inter

View Details
Company
24 June 2026
Chartered Accountant - GST & Direct Tax

APL

Mumbai

CA

View Details
Company
22 June 2026
Accountant

Global Image Technologies Private Limited

New Delhi

MBA

View Details
Company
12 June 2026
Accounts & Taxation Executive

Winshine Financial Services

Mumbai

CA Inter

View Details
Company
22 June 2026
Finance Manager- Chartered Accountant

Triveni Turbine Limited

Bengaluru

CA

View Details
Company
ARTICLESHIP 30 June 2026
2 posts Article assistant and Articleship completed students

Chirag N Shah & Associates

Mumbai

CA Inter

View Details
Company
25 June 2026
AUDIT MANAGER

JDAS & ASSOCIATES

New Delhi

CA

View Details
Company
19 June 2026
Accounts Executive

Getfive Advisors Pvt. Ltd.

Ahmedabad

CA Inter

View Details