Financial statements from India

Schmidt & Schmidt offers financial statements from India in electronic form and their translations.
According to law, companies registered in India must submit annual financial statements.

These data are reported in electronic form. Depending on the company’s size, the law requires different amounts of data to be published.

Reporting of financial statements in the India is subject to the Company Act and other regulations.

Accounting standards in India are in many ways similar to the IFRS. However, the IFRS themselves are not used.

Mandatory financial statements must be filed to the Ministry of Corporate Affairs within six months after the end of the financial year.

Annual financial statement includes:

• Balance sheet
• Profit and loss report
• Notes
• Auditor’s report

Financial statements provide detailed information about a company’s financial state, solvency and performance of an enterprise.

Depending on the size of the enterprise, its financial statement can contain up to several hundred pages.

Financial statements are provided by the Ministry of Corporate Affairs of India and can be obtained with a special online service from the Ministry’s website. To obtain financial statements of a specific enterprise, its full name and identification number (Company CIN/FCRN/LLPIN/FLLPIN) are required. Any information is provided only for a fee.

Financial statements can provide valuable information about potential business partner which can be used for making decisions like purchasing capital shares or goods or taking legal action to collect debts.

Financial statements are provided in accordance with the legislation of India and legal requirements on personal data protection.

On our website, you can make a preliminary request if a certain company’s financial statements are obtainable.