In Form AOC-4 as well as in XBRL there is a column which states "whether company is maintaining books of accounts and other relevant books and papers in electronic form" - Yes or No"
Some of the companies I work for are maintaining books of accounts in "Tally Software". However cash vouchers, bank vouchers, bills....etc are maintained in physical mode.
In such situation what is the answer we should select in Form AOC-4 - Yes or No.
14 November 2016
It is mandatory for a company to maintain books of accounts as per section 128 of the Companies Act, 2013. However, till now, maintenance of books in electronic mode is not mandatory. Rule 3 of the Companies (Accounts) Rules, 2014 lays down the procedure for books of accounts in electronic form. So, in my point of view, you can mention proper accounts maintained, if other things are proper and in order.
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