Centre augments record keeping measures of businesses
Sun, Aug 14, 2022 9:54 PM

Centre augments record keeping measures of businesses

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The ministry of corporate affairs has intensified the record-keeping requirements of businesses. The Union Govt implemented this move in a bid to ensure that multiple documents and records are readily available for the authorities to check at any time. The Companies (Accounts) Fourth Amendment Rules, 2022 revised the manner in which books of accounts have to be maintained on the electronic system.

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