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Branch records

Corporate & Other Laws

When should the branch give summarised records to registered office? The act uses the word â??periodicallyâ?? and module uses â??quarterlyâ??. Which is right?

Aman Mahajan

CA Final

★ 19K+

21-Jun-21 13:22

311

Answers (1)

Periodically is the answer as per Sec 128(2). Quarterly intervals is when books of accounts are maintained *outside India* - this is as per Rule 4 of Companies (Accounts) Rules, 2014 ICAI seemed to have merged different provisions under same heading