https://www.taxtmi.com/circulars?id=10520 Companies seeking the exemption under section 212(8) must fulfil all conditions set out in General Circular No. 2/2011, including condition (ii), even if they are unlisted. The Ministry, while acknowledging SEBI's limited scope, requires this administrative condition to ensure transparency where subsidiary balance sheets are not attached to the parent company's accounts. en-us Sun, 22 May 2011 00:00:00 +0530 Wed, 15 Jun 2011 10:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=10520 Companies seeking the exemption under section 212(8) must fulfil all conditions set out in General Circular No. 2/2011, including condition (ii), even if they are unlisted. The Ministry, while acknowledging SEBI's limited scope, requires this administrative condition to ensure transparency where subsidiary balance sheets are not attached to the parent company's accounts. Circulars Companies Law Sun, 22 May 2011 00:00:00 +0530 https://www.taxtmi.com/circulars?id=10520