Rule 6. - Conditions of exemption in certain cases - Companies (Branch Audit Exemption) Rules, 1961

Conditions of exemption in certain cases. 06. In every case in which an exemption is granted on the ground mentioned in clause (b) of sub-rule (1) of rule 4, (a) the company shall give the person employed for the purpose of audit of the accounts of the branch office access at all times to the books, accounts and vouchers maintained at the branch office and also furnish such information and explanation as such person may require; (b) the person so employed shall, during the period the exemption is in force, prepare in respect of each financial year a report on the accounts of the branch office examined by him and forward the same to the company's auditor; and (c) there shall be attached to the balance sheet for each financial year a certificate to the effect that no material change has taken place in the arrangements made for the audit of the accounts of the branch office, such certificate being signed by a director and by the [1] [* * *] manager or secretary of the company or where there is no manager or secretary, by two directors of the company, one of whom shall be the managing director where there is one. ------------------------------------ Notes:- [1] Redundant after abolition of the system of managing agents.