Maintenance of accounts and their balancing and auditing

Corporate19688 sections

Statutory text

(1) Every governing body entrusfed with the management of the affairs of a society registered under this Act (not being a public trust within the meaning of the Bombay Public Trusts Act, 1950) shall keep regular accounts.
(2) Such accounts shall be kept in such form as may be approved by the Registrar, and shall contain such particulars as may be prescribed by rules.
(3) The accounts shall be balanced each year on the thirty-first day of March or such other day as may be fixed by the Registrar.
(4) The accounts shall be audited annually in such manner as may be prescribed by rules and by a person who is a chartered accountant within the meaning of the Chartered Accountants Act, 1949, or by such other persons as may be authorised in this behalf by the State Government.

Study data processing for this section.

PDF: pending for this language.