Exceptions to financial disclosure requirements allow modified Schedule VI filings for foreign shipping and airline companies with limited disclosures.
Exceptions and modifications to section 594(1) require foreign shipping and airline companies to submit authenticated foreign accounts plus a Schedule VI-style version with specified relaxations in disclosure, classification of loans and debts, annexure obligations, inter company disclosures and presentation of liabilities and cash balances; auditors appointed abroad may audit such accounts if not appointed under the Act; the Central Government may by written notice demand further information.