https://www.taxtmi.com/acts?id=17426 s must give a true and fair view, comply with notified accounting standards and prescribed forms, with sectoral disclosure exceptions not defeating the true and fair requirement. Boards must lay annual financial statements and, where relevant, prepare consolidated financial statements of parent, subsidiaries and associates in the same form and in accordance with applicable accounting standards, attaching salient features of subsidiary and associate financials. Deviations from accounting standards must be disclosed with reasons and financial effects. The Central Government may grant exemptions or prescribe consolidation methods. Responsible officers and, if absent, all directors face penalties for contraventions. en-us Sat, 02 Mar 2013 12:20:27 +0530 Fri, 05 Dec 2025 14:21:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=17426 s must give a true and fair view, comply with notified accounting standards and prescribed forms, with sectoral disclosure exceptions not defeating the true and fair requirement. Boards must lay annual financial statements and, where relevant, prepare consolidated financial statements of parent, subsidiaries and associates in the same form and in accordance with applicable accounting standards, attaching salient features of subsidiary and associate financials. Deviations from accounting standards must be disclosed with reasons and financial effects. The Central Government may grant exemptions or prescribe consolidation methods. Responsible officers and, if absent, all directors face penalties for contraventions. Act-Rules Companies Law Sat, 02 Mar 2013 12:20:27 +0530 https://www.taxtmi.com/acts?id=17426