Is it necessary to maintain a company whose turnover is below rs 1 lack the following records,
1. Minutes of metting of the board of Directors and shareholders
2. Staturoty register
3.Forms and returns filled with register of companies and other authorities under companies law, 1956
Record keeping has no link to the turnover. it is statutory.
All the aforesaid requirement are statutory requirement and mandatory.
Regards
Jaideep Pandya
Jaideep sir, can company accountant ( empoloyee ) will done the above mentioned work, or only practing company secretay and how much fees any idea ?
Records have to be mainatined. It is the company's prerogative to decide who/how it will be so. An employee(accountant) can do this.
CAclubindia
