The registered office of the Emerald Engineering Ltd. is situated in a classified backward area of Jharkhand. The Board wants to keep its books of…

According to section 128 (1) of the Companies Act, 2013, every company is required to prepare and keep the books of accounts and other relevant books and papers and financial statement for every financial year which give a true and fair view of the state of the affairs of the company, including that of its branch office or offices, if any, and explain the transactions effected both at the registered office and its branches and such books shall be kept on accrual basis and according to the double entry system of accounting. The proviso to section 128 (1) further provides that all or any of the books of account aforesaid and other relevant papers may be kept at such other place in India as the Board of Directors may decide and where such a decision is taken, the company shall, within seven days thereof, file with the Registrar a notice in writing giving the full address of that other place. Further company may keep such books of account or other relevant papers in electronic mode as per the Rule 3 of the Companies (Accounts) Rules, 2014. Therefore, the Board of Emerald Engineering Ltd. can keep its books of account at its corporate office in Ranchi by following the above-mentioned procedure.