18 October 2010
If the balance sheets of subsidiary companies are not made available to the holding company. Then what would be the applicability of Section 212. So, whether the holding company would wait for the accounts of subsidiary company or the company could conduct its AGM.
If for any reason, the Board of the holding company is unable to obtain information on any of the matter required to be specified by section 212(4) of the Companies Act, 1956, a report in writing to that effect shall be attached to the Balance Sheet of the Holding Company. {Section 212(6)}
18 October 2010
As per sec 212(6) If , for any reason , the board of directors of the holding company is unable to obtain information on any of the matters required to be specified by sub sec (4), a report in writing to tahat effect shall be attached to the balancesheet of the holding company.
19 October 2010
What would be the format of report that has to be attached along with balance sheet u/s 212(6) of the companies act. Also, provide me whether in this case there would be applicability of Section 212(8) of companies act.
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