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BOOKS OF ACCOUNT UNDER THE COMPANY ACT,2013 The Financial Statements of a company is most important document until recent past, when non – financial reporting started to gain its momentum. This is a reporting of growth in business in monetary units. BOOK OF ACCOUNTS (SECTION 128): Every company shall prepare and keep at its registered office books of accounts and other relevant books and papers and financial statement for every financial year. These books must give a true and fair view of the state of affairs of the company and its branch offices. These books must explain the transactions effected both at the regis tere d office and its branch es. Thes e books shall be kept on actual basis and double entry system of accounting. These books or some of these books may be kept at a place other than registered office at the decision of the oard of !irectors after filing with the "egistrar of #ompanies a notice in writing giving full address of that place. This is not necessary to keep these books in physical form but may be kept in electronic mode. $ company may keep proper books of account relating to transactions effected at the branch office and proper summarised return may be sent by the branch office to the registered office of the company. These books and papers maintained by the company within %ndia shall be open for inspection by any director during business hours. %n case of financial information maintained outside %ndia copies of such financial information shall be maintained and produced for inspection by any director. The inspection in respect of any subsidiary of the company shall be done by the person authorised in this behalf by a resolution of the oard of !irectors. &here an inspection is made by a !irector or authorised person, the officers and employees of the compan y sha ll gi ve all ass ist ance in conne cti on wi th the ins pe cti on which the compan y may reasonably be expected to give.

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