Books of account
PART VI
FINANCE, ACCOUNTS AND AUDIT
Books of account.
378ZE. (1) Every Producer Company shall keep at its registered office proper books of account with respect to—
| (a) | all sums of money received and expended by the Producer Company and the matters in respect of which the receipts and expenditure take place; | |
| (b) | all sales and purchase of goods by the Producer Company; | |
| (c) | the instruments of liability executed by or on behalf of the Producer Company; | |
| (d) | the assets and liabilities of the Producer Company; | |
| (e) | in case of a Producer Company engaged in production, processing and manufacturing, the particulars relating to utilisation of materials or labour or other items of costs. |
(2) The balance-sheet and profit and loss accounts of the Producer Company shall be prepared, as far as may be, in accordance with the provisions contained in section 129.