2377 Lecture : NOTES - Audit _ Accounts

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13 May 2022
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All sums of money received and spent by the company & matters in respect of which such receipts and expenditure took place. All sales and purchase of goods by the company, all assets & liabilities of the company. Items of cost as u/s 148, with respect to companies which belongs to such class of companies as specified under the section. Proviso to s128(1) also permits the company to maintain its books of account & relevant papers in an electronic mode. S128(3) provides that books of accounts & other books & papers shall be open to inspection by any director during business hours. S206(1)- roc may call upon the company to produce the books of account, books, papers & explanations as may be required by a written notice to the company. S 206(5)-central govt may appoint an inspector for carrying out an inspection of books & papers of a company.

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