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books of accounts
Board of director of Anil ltd decided not to preserve the books of accounts and other records for more then 5 years for shortage of space in the office premises. examine the board decision
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The decision taken by Board is incorrect. The company should preserve the books of accounts and other relevant papers for at least 8 years. Government may order any company to maintain proper books of accounts for more than 8 years also.
If company has shortage of space then they can convert it into electronic form.
If company has shortage of space then they can convert it into electronic form.
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