Foreign company accounts: filing, audit and reconciliation obligations for Indian business, with submission and disclosure requirements.
A foreign company conducting Indian business must file its Indian balance sheet and profit and loss account in triplicate with the Registrar in the form required by the Act; the balance sheet must show branch working capital and the profit and loss must disclose net profit or loss transferred to the principal office. Indian business accounts must be audited as prescribed, with transitional acceptance of foreign auditors for earlier periods, and authenticated copies of group and subsidiary accounts filed in the country of incorporation must also be submitted.

Modification of Companies Act applicability: Central Government replaces Registrar and may approve alternative register locations for government companies.
The Central Government directs that specified provisions of the Companies Act shall apply to government companies with modifications: substituting the Central Government for the Registrar in certain register procedures; permitting registers or records to be kept at other places subject to Central Government approval; and omitting certain references to the Registrar or a shareholder in a procedural subsection, thereby tailoring statutory applicability to government companies.