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<h1>Key Definitions in Companies (Branch Audit Exemption) Rules, 1961: Quantum of Activity, Relevant Financial Year, Section Explained</h1> In the Companies (Branch Audit Exemption) Rules, 1961, key definitions are provided to clarify terms used within the rules. 'Quantum of activity' refers to the highest value among the aggregate value of goods produced, sold, services rendered, or total expenditure by a branch office during a financial year. 'Relevant financial year' specifies the year for which a branch audit exemption is evaluated. 'Section' denotes a section of the Companies Act, 1956. These definitions are crucial for determining eligibility for branch audit exemptions under the specified rules.