Download Company Law Form 23AAB for: Application for exemption from attaching the annual accounts of the subsidiary companies

Download Company Law Form 23AAB for: Application for exemption from attaching the annual accounts of the subsidiary companies

Download Company Law Form 23AAB 

Download Company Law Form 23AAB: Form No 23AAB used as an application for exemption from attaching the annual accounts of the subsidiary companies.

How to e-file Form 23AAB of Company Law

1. Enter the ‘Corporate Identity Number’ (CIN) of the company

You may find CIN by entering existing registration number or name of the company in the ‘Find CIN/GLN’ service at the MCA21 portal and Find Details of Company CIN, GLN, LLPIN using Name of Company, ROC registration number etc.

2. Click the “Pre- fill” button.

System will automatically display the name and registered office address of the company

3. Enter the start date and end date of the financial year of the holding company:

4. Enter the details of the subsidiary companies.

Note: Details for maximum of five companies can be provided in five blocks (5.1 to 5.5), if there are more than five subsidiaries; provide details for the rest as an attachment

 

a) Enter the CIN of an Indian subsidiary

• You may find CIN by entering existing registration number or name of the company in the ‘Find CIN/GLN’ service at the MCA21 portal

Click the “Pre-fill” button

System will automatically display the name and registered office address of the company

b) In case of a foreign subsidiary enter the name and registered office address of the company

c) Enter the other details of the subsidiary

5. Enter details for the subsidiaries for which exemption is required

Note: Details for maximum three subsidiaries can be provided (6.1 to 6.3), provide details for the rest as an attachment

 

a) Enter the CIN of an Indian subsidiary

• You may find CIN by entering existing registration number or name of the company in the ‘Find CIN/GLN’ service at the MCA21 portal

Click the “Pre-fill” button

System will automatically display the name and registered office address of the company

b) In case of a foreign subsidiary enter the name and registered office address of the company

c) Enter the other details of the subsidiary

6. Enter the start date and end date of the financial year of the holding company with respect to which exemption is required

7. Enter in detail reasons and justifications for the exemption required with respect to every subsidiary and attach documentary proof for the same if any.

Attachments

  • Board resolution in support of proposal mentioning the names of subsidiaries and their financial year under reference.
  • Copies of any previous approval order obtained earlier with respect to exemption from attachment of subsidiary(s) accounts
  • Documentary proof if the subsidiary and holding company are holding different accounting years due to requirements under law of country of incorporation.
  • Documentary proof of subsidiary company under lockout, pending court case, no finalization of accounts, pending excise/income-tax cases, company being in liquidation, company with BIFR for revival.
  • Any other information can be provided as an optional attachment

Declaration

 Enter the date of the board resolution authorising the signatory to sign and submit this application

Signature

The eForm should be digitally signed by managing director or director or manager or secretary of the company duly authorised by the board of directors.

Note:

1. Approval may not be granted if the applicant company does not attach adequate proof in support of difficulties on account of internal disturbance, disputes etc.

2. Company cannot avail this exemption if it seeks to attach unaudited accounts of the foreign subsidiary companies on the ground that in the countries of their incorporation there is no legal requirement for auditing the accounts

This movie requires Flash Player 9

Leave a Reply

Your email address will not be published. Required fields are marked *