Foreign subsidiary financial reporting: holding Indian company may file unaudited subsidiary statements with declaration and translation. Amendments delete references to timing 'under section 403' in subsections (1) and (2), replace 'in section 403' with 'therein' in subsection (3), and add a proviso permitting an Indian holding company to file unaudited financial statements of a foreign subsidiary that is not required to obtain an audit, together with a declaration and an English translation where necessary.
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Provisions expressly mentioned in the judgment/order text.
Foreign subsidiary financial reporting: holding Indian company may file unaudited subsidiary statements with declaration and translation.
Amendments delete references to timing "under section 403" in subsections (1) and (2), replace "in section 403" with "therein" in subsection (3), and add a proviso permitting an Indian holding company to file unaudited financial statements of a foreign subsidiary that is not required to obtain an audit, together with a declaration and an English translation where necessary.
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