Save for representative offices, foreign companies and their branches shall have an independent balance sheet and profit and loss account and shall have an auditor registered on the roster of practicing auditors in the State. Foreign companies and branches shall annually submit to the Competent Authority and the Ministry a copy of the balance sheet and final accounts, together with the auditor's report and a copy of the final accounts of its holding company, if any.
Interpretation and application must be checked against the official text and current version.