Section 209 of the Companies Act, 2013
There is no Section 209 in the Companies Act, 2013.
🔁 Clarification:
Section 209 existed under the Companies Act, 1956, and it related to maintenance of books of account.
In the Companies Act, 2013, those provisions are now covered under Section 128 – "Books of Account, etc., to be kept by Company."
📘 Relevant Provision in the Companies Act, 2013:
✅ Section 128 – Books of Account:
Every company shall prepare and keep books of account and other relevant records.
Must show:
Receipts and expenditures
Sales and purchases
Assets and liabilities
Books should be kept at the registered office (or another place with Board approval and ROC notice).
Can be maintained in electronic mode as per prescribed rules.
Directors have the right to inspect.
Books to be preserved for 8 years.
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