sec 157(3) c

[Safoora]

Companies ordicance 1984 sec 157 subsection 3 point b

An abstract of the receipts of the company and of the payments thereout up to a date within seven days of the report.....


wat does this mean??[0]

[Nauman]

It means a detail of receipt of monies and payments made is to be presented in Statutory Report. If you have SA Salam wala Ordinance take a look at Form 25 at the back you will get a picture of what is being said.

[Safoora]

woh tu theek hay but yeh 7 days ki kia kahani hay S

[Nauman]

Report banane mein time lagta hai so if report is being issued on say 20th October, receipts and payments detail shown will be till 13th October.

[Safoora]

ohhhhhh ok.. thanx Nauman bhai )

[cs007]

<blockquote id="quote"><font size="1" face="Verdana, Arial, Helvetica, san" id="quote">quote<hr height="1" noshade id="quote"><i>Originally posted by Nauman</i>
<br />Report banane mein time lagta hai so if report is being issued on say 20th October, receipts and payments detail shown will be till 13th October.
<hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote">

No but our sir said k within 7 days of date of report an abstract of receipts and payments ka mtlb hai k let say 20th oct ko honi hai toh ussey pehley 7 days me kisi b din tk ka receipts and payments record .. for eg till 15th oct ... Ky said this

[mtsr629]

Its just like it. It means you have to prepare the abstract at least seven days but there is no restriction for less than 7 days.