Balance sheet of holding company to include certain particulars as to its subsidiaries.

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....p;   (c) a copy of the report of its Board of directors;      (d) a copy of the report of its auditors;      (e) a statement of the holding company's interest in the subsidiary as specified in sub-section (3);      (f) the statement referred to in sub-section (5), if any; and      (g) the report referred to in sub-section (6), if any. (2) [1][(a) The balance sheet referred to in clause (a) of sub-section (1) shall be made out in accordance with the requirements of this Act,___           (i) as at the end of the financial year of the subsidiary, where such financial year coincides with the financial yea....

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....ed to in clause (e) of sub-section (1) shall specify___      (a) the extent of the holding company's interest in the subsidiary at the end of the financial year or of the last of the financial years of the subsidiary referred to in sub-section (2);      (b) the net aggregate amount, so far as it concerns members of the holding company and is not dealt with in the company's accounts, of the subsidiary's profits after deducting its losses or vice versa           (i) for the financial year or years of the subsidiary aforesaid; and           (ii) for the previous financial years of the subsidiary since it became ....

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....were acquired from that body corporate or a subsidiary of it; and for the purpose of determining whether any profits or losses are to be treated as profits or losses for the said period, the profit or loss for any financial year of the subsidiary may, if it is not practicable to apportion it with reasonable accuracy by reference to the facts, be treated as accruing from day to day during that year and be apportioned accordingly. (5) Where the financial year or years of a subsidiary referred to in sub-section (2) do not coincide with the financial year of the holding company, a statement containing information on the following matters shall also be attached to the balance sheet of the holding company:      (a) whether ....

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....ary, the provisions of this section shall not apply, or shall apply only to such extent as may be specified in the direction. (9) If any such person, as is referred to in sub-section (6) of section 209, fails to take all reasonable steps to comply with the provisions of this section, he shall, in respect of each offence, be punishable with imprisonment for a term which may extend to six months, or with fine which may extend to [3][ten thousand rupees], or with both: Provided that in any proceedings against a person in respect of an offence under this section, it shall be a defence to prove, [4][* * *] that a competent and reliable person was charged with the duty of seeing that the provisions of this section were complied with and was in ....