Branch audit exemption: procedural disclosures and documentary proof required, with distinct rules for banking and non-banking entities. Application for branch audit exemption must identify the company and branches, state the financial year(s) for which exemption is sought, attach board approval and supporting audited financials (unless already filed), and set out grounds for exemption. Non-banking and banking companies face distinct disclosure obligations for three prior years: turnover and branch-level production, sales and expenditures for non-banking companies; outstanding deposits and branch advances for banking companies. Applicants must disclose existing audit arrangements, proposed alternative scrutiny, auditor remuneration, provide auditor and company certifications, and, where cost is alleged, evidence of auditors approached and fees quoted.