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<h1>Section 137 of Companies Act Amended: New Proviso for Foreign Subsidiaries' Unaudited Financials with Declaration & Translation.</h1> Section 137 of the Companies Act has been amended to remove references to the time specified under section 403 in sub-sections (1), (2), and (3). A new proviso has been added to address foreign subsidiaries not required to audit their financial statements under their country's laws. The holding Indian company can file unaudited financial statements with a declaration and an English translation if needed. Additionally, the term 'therein' replaces 'in section 403' in sub-section (3).