TMI BlogFinancial statement.X X X X Extracts X X X X X X X X Extracts X X X X ..... ses of companies in Schedule III: Provided that the items contained in such financial statements shall be in accordance with the accounting standards: Provided further that nothing contained in this sub-section shall apply to any insurance or banking company or any company engaged in the generation or supply of electricity, or to any other class of compan ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... icity, any matters which are not required to be disclosed by the Electricity Act, 2003; (36 of 2003.) (d) in the case of a company governed by any other law for the time being in force, any matters which are not required to be disclosed by that law. (2) At every annual general meeting of a company, the Board of Directors of the company shall lay before such meeting financi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... tion of accounts of companies in such manner as may be prescribed. Explanation . For the purposes of this sub-section, the word subsidiary shall include associate company and joint venture. (4) The provisions of this Act applicable to the preparation, adoption and audit of the financial statements of a holding company shall, mutatis mutandis, apply to the consolidated ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... unconditionally or subject to such conditions as may be specified in the notification. (7) If a company contravenes the provisions of this section, the managing director, the whole-time director in charge of finance, the Chief Financial Officer or any other person charged by the Board with the duty of complying with the requirements of this section and in the absence of any of the office ..... X X X X Extracts X X X X X X X X Extracts X X X X
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