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Section 381 of the Companies Act, 2013 and Rule 4, 5 and 6 of Companies (Registration of Foreign Companies) Rules, 2014.
Every foreign company shall, in every calendar year, Make out a balance sheet and profit and loss account. Copy of balance sheet and P&L account should be filed with ROC along with English translation and list of place of business established by the foreign company in India- Section 381(1) in form FC-3.
As per Rule 4(1) every foreign company shall prepare financial statement of its Indian business operations in accordance with Schedule III.
These should be submitted with consolidated financial statement of foreign Company.
If such documents are not in English language, there shall be annexed to it a certified translation thereof in the English language.
Statement of Related party transaction.
Statement of Repatriation of profits.
Statement of transfer of funds (including dividends if any) which shall, in relation of any fund transfer between place of business of foreign company in India and any other related party of the foreign company outside India including its holding, subsidiary and associate company.
Audit of Accounts of Foreign Company shall be conducted by practicing Chartered Accountant (CA) or firm of Chartered Accountant- Rule-5 of Companies (Registration of Foreign Companies) Rules, 204.
Annual return shall be submitted within 60 days of close of financial year in form FC-4 with fees. Rules- 7 of Companies(Registration of Foreign Companies) Rules 2014.