“Provided also that every company having a subsidiary or subsidiaries shall,—
place separate audited accounts in respect of each of its subsidiary on its website, if any;
provide a copy of separate audited financial statements in respect of each of its subsidiary, to any shareholder of the company who asks for it.”
After Amendment of 9th Feb 2018
Provided also that every listed company having a subsidiary or subsidiaries shall place separate audited accounts in respect of each of subsidiary on its website, if any:
Provided also that a listed company which has a subsidiary incorporated outside India (herein referred to as “foreign subsidiary”)—
where such foreign subsidiary is statutorily required to prepare consolidated financial statement under any law of the country of its incorporation, the requirement of this proviso shall be met if consolidated financial statement of such foreign subsidiary is placed on the website of the listed company;
where such foreign subsidiary is not required to get its financial statement audited under any law of the country of its incorporation and which does not get such financial statement audited, the holding Indian listed company may place such unaudited financial statement on its website and where such financial statement is in a language other than English, a translated copy of the financial statement in English shall also be placed on the website.
So earlier it was for all companies and now it is only for listed companies.