Provisions for gratuity liability in the books of account

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... Circular No. 13/77 dated 21-11-1977 regarding the above subject and to say that some doubts have been raised regarding application of said circular in view of coming into effect of provisions of section 209(3)(b) of the Companies Act, 1956, with effect from 15-6-1988. Section 209(3)(b) of the Companies Act, 1956 provides that "proper books of account shall not be deemed to be kept with respect to .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X