Maintenance of accounts and their balancing and accounting.

Corporate197916 sections

Statutory text

(1) Every governing body entrusted with the management of the affairs of a society registered under this Act shall keep regular accounts.
(2) Such accounts shall be kept in such form as may be approved by the Inspector- -General, and shall contain such particulars as may be prescribed.
(3) The accounts of a Society shall be balanced each year on the 31st day of March or such other date as may be fixed by the Inspector-General.
(4) The accounts of a society shall be audited annually in such manner as may be prescribed and by a person who is a chartered accountant within the meaning of the Chartered Accountants Act, 1949 (Central Act 38 of 1949), or by such persons as may be authorized in this behalf by the Government.

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