Foreign currency accounting rules for Specified International Financial Services Centre LLPs are revised, with optional rupee maintenance allowed. Books of account, books and papers, financial statements and other records of a Specified International Financial Services Centre LLP maintaining contribution in a permitted foreign currency are to be maintained in that currency, subject to to use Indian rupee where allowed by the International Financial Services Centres Authority. The section also revises cross-references in sub-sections (5) and (6) of section 34.
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Provisions expressly mentioned in the judgment/order text.
Foreign currency accounting rules for Specified International Financial Services Centre LLPs are revised, with optional rupee maintenance allowed.
Books of account, books and papers, financial statements and other records of a Specified International Financial Services Centre LLP maintaining contribution in a permitted foreign currency are to be maintained in that currency, subject to to use Indian rupee where allowed by the International Financial Services Centres Authority. The section also revises cross-references in sub-sections (5) and (6) of section 34.
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