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of <h1>Foreign Companies Must Submit Indian Financial Statements Annually per Schedule III, Chapter IX; Include Parent's Consolidated Reports</h1> Every foreign company must prepare financial statements for its Indian operations annually, adhering to Schedule III, and include necessary documents as per Chapter IX of the Companies Act. These documents should also include the latest consolidated financial statements of the parent company, translated into English if needed. Additional required documents include statements of related party transactions, repatriation of profits, and fund transfers, detailing specific transaction information. These documents must be submitted to the Registrar within six months of the financial year's end, with a possible extension of three months upon application.
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