Foreign subsidiary

Others 595 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  


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details
Company
Featured 14 March 2026
Article Trainee

N N V Satish&co

Hyderabad

CA Inter

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details