Which section of the Companies Act, 2013 requires companies to keep books of account?
Question and options
Which section of the Companies Act, 2013 requires companies to keep books of account?
Section 123
Section 134
Section 129
Section 128
Answer and explanation
Correct answer: D - Section 128
Section 128 requires every company to prepare and keep books of account and other relevant books and papers at its registered office. Section 129 governs the financial statements prepared from them, section 134 the Board’s report and authentication of the statements, and section 123 the declaration of dividend.
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