Companies Act

Section 378ZE. Books Of Account

¹[378ZE. Books of account.– (1) Every Producer Company shall keep at its registered office proper books of account with respect to–

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(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;

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(b) all sales and purchase of goods by the Producer Company;

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(c) the instruments of liability executed by or on behalf of the Producer Company;

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(d) the assets and liabilities of the Producer Company;

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(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.

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(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.]

1. Ins. by Act 29 of 2020, s. 52 (w.e.f. 11-2-2021).