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Section 212 of companies act 1956

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(Querist)
10 February 2011 Is section 212 of Companies Act 1956 is applicable to Private Limited company? our company is Private Limited company and having 80% Share holding of a foreign entity(by JV). Is it mendatory to consolidate the books u/s 212.
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Jayashree S Iyer

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Jayashree S Iyer (Expert)
10 February 2011 Section 212 is very much applicable to a private limited company as well.

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