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CMA Intermediate · Corporate Accounting and Auditing · Statement of Profit and Loss and Balance Sheet (Schedule III of Companies Act, 2013)

Under the Companies Act, 2013, a foreign company must, in every calendar year, make out a balance sheet and profit and loss account and deliver a copy to the Registrar. If these documents are not in English, what must be annexed to them?

A certified translation in the English language must be annexed. Section 381(2) requires this whenever the foreign company's balance sheet or profit and loss account is not in English, so that the documents delivered to the Registrar can be read.

  1. AA certified translation in the English languageCorrect
  2. BA sworn affidavit from the directors
  3. CA summary prepared by the Registrar
  4. DA translation approved by the Reserve Bank of India

Explanation

Section 381(2) says that if any document is not in English, a certified translation in English must be annexed. The other options name requirements that the text does not contain.

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