Section 381: Accounts of foreign company

(1)

Every foreign company shall, in every calendar year,—

(a)

make out a balance sheet and profit and loss account in such form, containing such particulars and including or having annexed or attached thereto such documents as may be prescribed; and

(b)

deliver a copy of those documents to the Registrar:

Proviso

Provided that the Central Government may, by notification , direct that, in the case of any foreign company or class of foreign companies and, the requirements of clause ( a ) shall not apply, or shall apply subject to such exceptions and modifications as may be specified in that notification.

(2)

If any such document as is mentioned in sub-section ( 1 ) is not in the English language, there shall be annexed to it a certified translation thereof in the English language.

(3)

Every foreign company shall send to the Registrar along with the documents required to be delivered to him under sub-section ( 1 ), a copy of a list in the prescribed form all places of business established by the company in India as at the date with reference to which the balance sheet referred to in sub-section ( 1 ) is made out.