Book Keeping & Accountancy, Mandating Laws

Book Keeping & Accountancy
Mandating Laws
1. According to Section 128 of the Companies Act, 2013, it is a legal requirement for every type of company, including private limited companies, public limited companies, and one-person companies has to maintain Company’s Books of Account in good order.

2. As per section 34 of the LLP Act 2008, limited liability partnership [LLP] requires to compulsory maintain proper books of account and statement of account & solvency relating to its business operation affairs.