Books of account - Maintenance of - Provisions of section 209(3)(b) not applicable to Rural Electrification Corporation Ltd., Delhi - G.S.R. 594(E), - Companies Law
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Exemption from books of account requirement: accrued interest on loans may be omitted from books if disclosed in annual accounts. The Central Government directs that clause (b) of sub section (3) of section 209 shall not apply to Rural Electrification Corporation Ltd. insofar as it relates to income from interest on loans and advances; provided that any accrued interest income not accounted for in the books is disclosed by way of a note in the annual accounts.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Exemption from books of account requirement: accrued interest on loans may be omitted from books if disclosed in annual accounts.
The Central Government directs that clause (b) of sub section (3) of section 209 shall not apply to Rural Electrification Corporation Ltd. insofar as it relates to income from interest on loans and advances; provided that any accrued interest income not accounted for in the books is disclosed by way of a note in the annual accounts.
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