Clarification with regard to circulation and filing of financial statement under relevant provisions of the Companies Act, 2013-reg.

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...., New Delhi Dated 21^st July, 2015 To All Regional Directors, All Registrars of Companies, All Stakeholders. Subject: Clarification with regard to circulation and filing of financial statement  under relevant provisions of the Companies Act, 2013-reg. Sir, Stakeholders have drawn attention to the proviso to section 101(1) of the Companies Act, 2013 (Act) which allows g....

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....sp; of  each  of  its  subsidiary.   Further, fourth  proviso  to  section 137 (1) requires that. a company shall attach along with its financial statements to be filed with the Registrar, the accounts of its subsidiary(ies) which have been incorporated outside India and which have not established their place of business in India. Clarification has been....

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....t in the country of its  incorporation  and  which  does  not  get  such accounts audited, the holding/parent Indian may place/file such unaudited accounts to comply with requirements of Section 136(1) and 137 ( 1 ) as applicable. These, however, would need to be translated in English, if the original accounts are not in English. Further, the format of accounts o....