9911796707
TMI BlogBooks of account to be kept by company.X X X X Extracts X X X X X X X X Extracts X X X X ..... ur or to other items of cost as may be prescribed, if such class of companies is required by the Central Government to include such particulars in the books of account:] Provided that all or any of the books of account aforesaid may be kept at such other place in India as the Board of directors may decide and when the Board of directors so decides, the company shall, within seven days of the decision, file with the Registrar a notice in writing giving the full address of that other place.] (2) Where a company has a branch office, whether in or outside India, the company shall be deemed to have complied with the provisions of sub-section (1), if proper books of account relating to the transactions effected at the branch office are kept at ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ny with the requirements of this section, or has by his own wilful act been the cause of any default by the company thereunder, he shall, in respect of each offence, be punishable with [12][imprisonment for a term which may extend to six months, or with fine which may extend to [13][ten thousand rupees], or with both]: Provided that in any proceedings against a person in respect of an offence under this section consisting of a failure to take reasonable steps to secure compliance by the company with the requirements of this section, it shall be a defence to prove [14][* * *] that a competent and reliable person was charged with the duty of seeing that those requirements were complied with and was in a position to discharge that duty: [15] ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... -1965. [5] Substituted by the Companies (Amendment) Act, 1988, section 29, w.e.f. 15-6-1988 for sub-section (3) which read as follows: "(3) For the purposes of sub-sections (1) and (2), proper books of account shall not be deemed to be kept with respect to the matters specified therein, if there are not kept such books as are necessary to give a true and fair view of the state of the affairs of the company or branch office, as the case may be, and to explain its transactions." [6] Substituted by the Companies (Amendment) Act, 1965, Act 31 of 1965, section 20 for sub-section (4), w.e.f. 15-10-1965. [7] Brackets and letter "(a)" and clauses (b), (c) and (d) omitted by Companies (Amendment) Act, 1974, Act 41 of 1974, section 20, w.e.f. 1-2 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... w.e.f. 13-12-2000. Prior to omission, clause (b) and clause (c) were amended by the Companies (Amendment) Act, 1960, Act, 65 of 1960, as provisions relating to managing agents, etc. had become redundant after abolition of system by Act 17 of 1969. [19] Substituted by the Companies (Amendment) Act, 2000, w.e.f. 13-12-2000. Prior to its substitution, clause (d), was amended by the Companies (amendment) Act, 1960, Act, 65 of 1960 and Companies (Amendment) Act, 1965, 15-10-1965. [20] Omitted by the Companies (Amendment) Act, 2000, w.e.f. 13-12-2000. Prior to its omission, clause (e), was inserted by the Companies (Amendment) Act, 1965, w.e.f. 15-10-1965. as provisions relating to managing agents, etc. had become redundant after abolition of ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
