company law
X LTD.co paid-up capital= Rs 10 cr. Borrowings=Rs 12 cr. & member=100 having its registered office in mumbai. SIFO investigated the co. and demanded A/C's for immediately preceding 12 years, which co. is unable to produce.is there a violation of law? can SIFO order x Ltd. to maintain books of A/C's for at least 12 years?
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company law
X LTD.co paid-up capital= Rs 10 cr. Borrowings=Rs 12 cr. & member=100 having its registered office in mumbai. SIFO investigated the co. and demanded A/C's for immediately preceding 12 years, which co. is unable to produce.is there a violation of law? can SIFO order x Ltd. to maintain books of A/C's for at least 12 years?
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