https://www.taxtmi.com/news?id=1497 The government directs that Section 212 will not apply where the holding company's board has resolved to omit subsidiary accounts, the annual report includes consolidated financial statements audited by statutory auditors and prepared in strict compliance with applicable Accounting Standards and listing requirements, the consolidated balance sheet discloses aggregate capital, reserves, assets, liabilities, non subsidiary investments, turnover, profit before tax, tax provision, profit after tax and proposed dividend for each subsidiary, subsidiary accounts are available to shareholders on request and inspection, hard copies are provided on demand, regulatory filings are maintained, and foreign currency figures are shown in rupee equivalents with closing exchange rates. en-us Tue, 08 Feb 2011 19:01:51 +0530 Wed, 11 Feb 2026 15:55:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=1497 The government directs that Section 212 will not apply where the holding company's board has resolved to omit subsidiary accounts, the annual report includes consolidated financial statements audited by statutory auditors and prepared in strict compliance with applicable Accounting Standards and listing requirements, the consolidated balance sheet discloses aggregate capital, reserves, assets, liabilities, non subsidiary investments, turnover, profit before tax, tax provision, profit after tax and proposed dividend for each subsidiary, subsidiary accounts are available to shareholders on request and inspection, hard copies are provided on demand, regulatory filings are maintained, and foreign currency figures are shown in rupee equivalents with closing exchange rates. News - Tue, 08 Feb 2011 19:01:51 +0530 https://www.taxtmi.com/news?id=1497