CA Inter P2 · Chapter 8 · Question 2 of 10
Under section 128(1), the Board of Rose Ltd decides to keep the books of account at a place in India other than the registered office. The company must:
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: C) File with the Registrar a notice in writing giving the full address of that place within seven days of the Board's decision
Explanation
The proviso to section 128(1) allows the Board to decide that the books of account be kept at another place in India. The company must file a notice in writing with the Registrar giving the full address of that place within seven days of the decision. The books must be kept on an accrual basis and according to the double entry system.
More Accounts of Companies MCQs
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