CA Inter May 24 Suggested Answers Q1b

In this video we will be solving Question 1(b) of CA Inter Exam May 24 Corporate Law Paper. #cainter #caintersuggestedanswers https://www.konceptca.com/blog/ca-int... BBQ Ltd., with its registered office in Hyderabad, has two branch offices, one located in Delhi and the other in London. The accounting transactions of the branches are recorded and all books of account are maintained in the branches. The branch accountant of the Delhi branch sent monthly and the branch accountant of London sent quarterly summarized trial balance, profits and loss account and balance sheet to the Hyderabad office. .One of the assistants. of the audit team, Mr. Naveen, raised the issue that the branches of the company maintain its books and records at branches., so it defaults on not maintaining the proper books of account at the registered office. Mr. Naveen further objected to the fact that the London branch sent their summarized returns on a quarterly basis instead of a monthly basis. You are requested to analyses and decide the validity of both the objections of Mr. Naveen relating to the place of maintaining the books of account and sending summarized returns thereof to the registered office by the branch offices of the company referring to the provisions of the Companies Act, 2013. #caintermediate #caexams #icai #koncepteducation #konceptca.com