Dear All,
Kindly clarify how to attach the accounts of foreign subsidiary company with the hoilding company- i.e. whether in foreign currency or in indian currency. Holding company is Indian Company.
Views are solicited.
Meenu Jha
1 Replies
CS. Ashish Shah
(Service)
(175 Points)
Replied 05 February 2010
Dear Meenu,
You need to give your foreign subsidiary companies account in foreign currency. but why don't u go to Central govn. for taking exemption u/s 212(8) from attaching the annual report of the subsidiaries.
Regards,
Cs. Ashish Shah
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