Section 594(1), proviso, of the Companies Act, 1956 - Foreign company - Accounts of - Foreign Companies having only liaison office in India - Compliance of section 594(1) (a)

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..... Y OF FINANCE Subject:- Section 594(1), proviso, of the Companies Act, 1956 - Foreign company - Accounts of - Foreign Companies having only liaison office in India - Compliance of section 594(1) (a) GSR 580(E).- In exercise of the powers conferred by the proviso to sub-section (1) of section 594 of the Companies Act, 1956(1 of 1956) (hereinafter referred to as the Act) and in partial modif .....

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..... s and modifications, namely : It shall be deemed to be sufficient compliance with the provisions of clause ( a ) of sub-section (1) of said section 594 if, the company in respect of its Indian Business Accounts submits to the appropriate Registrar of Companies in India, in triplicate : ( i ) a copy of the letter issued by the Reserve Bank of India granting approval to the company under .....

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..... ountant practising in India: certifying that the said statement gives a true and fair view of the state of affairs of the company in India; ( iv ) a certificate that the company did not carry out any trading, manufacturing or commercial activity or undertook any invoicing of goods in India duly certified by : ( a ) a person authorised to accept service of process in India under clause ( d .....

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