Explain the provisions of the Companies Act, 2013 [read along with the Companies (Registration of Foreign Companies) Rules, 2014] in respect of…

Audit of accounts of foreign company According to the Companies (Registration of Foreign Companies) Rules, 2014, (i) Every foreign company shall get its accounts, pertaining to the Indian business operations prepared in accordance with section 381 (1) of the Companies Act, 2013 and Rules thereunder, shall be audited by a practicing Chartered Accountant in India or a firm or limited liability partnership of practicing chartered accountants. (ii) The provisions of Chapter X i.e. Audit and Auditors and rules made there under, as far as applicable, shall apply, mutatis mutandis , to the foreign company.