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TMI BlogCORPORATE ACCOUNTABILITY – I – ACCOUNTSX X X X Extracts X X X X X X X X Extracts X X X X ..... terial or labour 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 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. Liability where proper accounts not kept Section 541(2) If it is shown that proper books of account were not kept by the company throughout the period of two years immediately preceding the making of the application to Tribunal under section ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... cers and other employees of the company where the company has neither a managing director nor manager, every director of the company Statutory Books Register of investments have been made, by a company are not held by it in its own name Section 49(7) Register of Fixed deposits Register of Securities bought back [ Section77A(9) ] Register Of Charges Section 143(1) Register Of Members Section 150(1) Index of Members where the number exceeds 50 Section 151(1) Register and index of debenture holders Section152 Register and index of beneficial owners to be of debenture holder Section 152A Foreign register of members or debenture holders.- Section 157(1) and158 Books of minutes of proceedings ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ing that the provisions of this section are complied with, makes default in doing so, he shall, in respect of each offence, be punishable with imprisonment for a term which may extend to six months, or with fine which may extend to ten thousand rupees, or with both. Penalty for improper issue, circulation or publication of balance sheet or profit and loss account Section 218 Authentication of balance sheet and profit and loss account by Secretary Section 215 Right of member to copies of balance sheet and auditors' report Section 219 - A copy of every balance sheet (including the profit and loss account, the auditors' report and every other document required by law to be annexed or attached, as the case may be, to the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... so as to give a true and fair view of the state of affairs of the company at the end of the financial year and of the profit or loss of the company for that period; (iii) that the directors had taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of this Act for safeguarding the assets of the company and for preventing and detecting fraud and other irregularities; (iv) that the directors had prepared the annual accounts on a going concern basis. Balance sheet of holding company to include certain particulars as to its subsidiaries Section 212 - Manuals - Ready reckoner - Law and practice - Reference Guide - Quick Commentary Tax Management In ..... X X X X Extracts X X X X X X X X Extracts X X X X
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