Shorter notice for general meetings permits circulating financial statements; unaudited foreign subsidiary accounts may be filed with translation. Where a company convenes a general meeting on shorter notice under section 101, it may circulate the financial statements to be considered at that meeting on the same shorter notice. For foreign subsidiaries not required by local law to be audited, the Indian holding company may place or file such unaudited accounts; accounts must be translated into English if necessary and, as far as possible, follow Companies Act, 2013 format, with a statement explaining any deviations.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Shorter notice for general meetings permits circulating financial statements; unaudited foreign subsidiary accounts may be filed with translation.
Where a company convenes a general meeting on shorter notice under section 101, it may circulate the financial statements to be considered at that meeting on the same shorter notice. For foreign subsidiaries not required by local law to be audited, the Indian holding company may place or file such unaudited accounts; accounts must be translated into English if necessary and, as far as possible, follow Companies Act, 2013 format, with a statement explaining any deviations.
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