The role of Books of Accounts - section 397 - Companies Act

Durga Rao | Last updated: 03 July 2010

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The provisions of Companies Act, 1956 makes it very clear that every company should maintain proper books of accounts and should record all the transactions of the Company pertaining to sales, purchases, expenses, receipts, liabilities and Assets.� Not only recording the transactions, every Company is also supposed to maintain the documentary proof in support of the transactions as per law. Based on the records maintained by the Company and as per the requirement of the Companies Act, 1956, e

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About the Author

Durga Rao

Attorney

V.D.RAO,Advocate, Madras High Court, 23/3, Eswari Apartments, Beach Home Avenue 2nd Street, Besant Nagar, Chennai - 600 090. Mobile: +91-9884894008 Email: vdrao_attorney @ yahoo.co.in vdraoattorney @ gmail.com Will be in touch through: http://www.indiancorporatelaws.blogspo ... Read more

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