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cash basis of accounting for companies under Co's.Act1956

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(Querist)
04 October 2009 As per sec.209 of Companies Act,1956, all the companies registered under this act must maintain books of accounts on accrual basis, but still is there any provision for maintaing books of accounts on cash basis in certain cases ? If yes, then please let me know the certain cases
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Manmohan ACA, CS

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Manmohan ACA, CS (Expert)
04 October 2009 No, unless specifically exempted by Central government
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Jitender

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Jitender (Expert)
04 October 2009 i agree with the above view.
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Sreedhar Atchutuni ACA,GradCWA

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Sreedhar Atchutuni ACA,GradCWA (Expert)
05 October 2009 Agree with above experts
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Ankur Garg

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Ankur Garg (Expert)
05 October 2009 Agree
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