Direction under Section 212(8) of the Companies Act, 1956.

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.... All Registrar of Companies Subject: Direction under Section 212(8) of the Companies Act, 1956. Sir, It has been noticed that a large number of companies are approaching the Ministry for exemption under Section 212(8) of the Companies Act, 1956. The matter was examined in the context of the globalizing Indian economy, the increased number of subsidiaries, and the introduction of accoun....

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....s prescribed by the Security and Exchange Board of India; (iv) The company shall disclose in the consolidated balance sheet the following information in aggregate for each subsidiary including subsidiaries of subsidiaries:-      (a) capital      (b) reserves      (c) total assets      (d) total liabiliti....