Accounts - Exceptions and modifications with which sub-section (1) applies to a foreign company

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....iso to sub-section (1) of section 594 of the Companies Act, 1956 (hereinafter referred to as "the Act") the Central Government has directed that the requirements of clause (a) of sub-section (1) shall apply to a foreign company having a share capital subject to the exceptions and modifications specified below, namely : (i) A foreign company shall, in respect of its Indian business submit to the ....

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....uch person or persons and in such manner as laid down in the Act. In regard to the said balance sheet and profit and loss account relating to a period on or before the 31st day of March, 1958, it shall be deemed to be sufficient compliance if such documents are audited by auditors of the foreign company in the country of its incorporation. (v) Omitted by GSR 489, dated 1-4-1961. (vi) The forei....

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....t would, if it had been a company within the meaning of the Act, have been required to make out and lay before the company in a general meeting and the foreign company shall be bound to make such clarification or comply with such demand, as the case may be. (viii) In regard to a foreign shipping or an airlines company, it shall be deemed to be sufficient compliance of the provisions of Part II o....