Dipjyoti Majumdar (CA in service & CS. dipmaj@ rediffmail.com ) (3468 Points)
26 July 2012Friends
Is there any concept that books of account are not required to be maintained and/or preserved under section 209 for 8 years for a section 25 company which are formed for non profit purposes like advancement of science, arts , literature etc.
Regards
CS Mitesh Mehta
(Company Secretary)
(17139 Points)
Replied 26 July 2012
For Section 25 companies, Books of account relating to a period of not less than 4 years immediately preceding the current year shall be preserved.
Dipjyoti Majumdar
(CA in service & CS. dipmaj@ rediffmail.com )
(3468 Points)
Replied 27 July 2012
Mitesh
Thank you for your valued response. But section 209 does not say so. Is there any DCA circular or clarification in this regard. Please intimate.
Regards
CS Mitesh Mehta
(Company Secretary)
(17139 Points)
Replied 27 July 2012
Notification No. SO 1578, dated 1 July, 1961
Landmark Judgments: Important Provisions of the EPF & ESI Act interpreted by the Honorable Supreme Court of India
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