Navigating Form D Submission: Should We Use Consolidated or Uttarakhand-Specific Financials?

Our company has a factory each in Karnataka and Uttarakhand. We prepare a consolidated balance sheet and profit and loss account for the company, and also a separate balance sheet for the branch in Uttarakhand. There are no sales from Uttarakhand, only stock transfers to our other branches. Therefore, while submitting the Form D return, which is the financial statement that forms the basis for the returns, should we include the consolidated balance sheet and profit and loss account or should we include the balance sheet and P&L prepared separately for the Uttarakhand unit?

Thank you for your reply. However, my main query remains unanswered. That is, which financial statement forms the basis for the returns: the consolidated balance sheet and profit and loss account of the entire company, or the balance sheet and profit and loss statement prepared separately for the Uttarakhand branch?

Only your company's procedure for the consolidated balance sheet is the basis. You may proceed accordingly. Your Uttarakhand branch only allows stock transfers to our other branches, and as such, you cannot separate the P&L.