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Section 143
Documents to be included
: (1) The main company should include the following documents of the subsidiary company in its balance sheet:-
(a) a copy of the annual accounts of the subsidiary company for the financial year immediately ended and the report of the board of directors of such company for the said period,
(b) Auditor's Report,
(c) statement of investments of the parent company in subsidiaries at the end of the financial year,
(d) If the financial years of the main company and the subsidiary company are different, if the right of the main company over the subsidiary company has changed in any way within such different period, such a thing. (2) In the report as per clause (b) of sub-section (1), the net profit after deducting the losses of the subsidiary company in the relevant financial year and the profit and loss which has not been mentioned in the company's accounting books since the company is a subsidiary company but which concerns the shareholders of the main company should also be mentioned. .
(3) If for any reason the board of directors of the main company cannot obtain the information mentioned in clause (b) and sub-section (2) of sub-section (1), a written report of the matter must be included in the balance sheet of the main company.
(4) In the statement as per clause (c) of sub-section (1), the loan taken as collateral for the immovable assets of the subsidiary company or the loan taken for any purpose other than fulfilling the immediate obligation shall also be shown.