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5. Foreign Operation means any Subsidiary, Joint Venture, Associate or PowerPoint Presentation
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5. Foreign Operation means any Subsidiary, Joint Venture, Associate or

5. Foreign Operation means any Subsidiary, Joint Venture, Associate or

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5. Foreign Operation means any Subsidiary, Joint Venture, Associate or

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  1. 5. Foreign Operation means any • Subsidiary, • Joint Venture, • Associate or • Branch conducting operations outside India on Behalf of reporting entity. Note:Foreign Operation can be Integral or Non Integral Foreign Operation. IFO are considered extension of business and these operations are assumed to be of reporting entity. NIFO are those Foreign Operation which are other than IFO. Classification of NIFO, IFO is done for the purpose of consolidation. It is possible to classify any IFO / NIFO which are other wise classified in earlier years.

  2. Rules of Classification

  3. 7. Disclosure Requirement • Treatment of Exchange Difference • Closing Exchange Rate • Application of Para 46 should be disclosed