Section 378ZE Books of account
- Chapter
- XXIA · Producer Companies
- Amendments
- 1
Inserted by Companies (Amendment) Act, 2020, s. 52, with effect from 11 February 2021378ZE. Books of account.—
Inserted by Companies (Amendment) Act, 2020, s. 52, with effect from 11 February 2021(1) Every Producer Company shall keep at its registered office proper books of account with respect to—
Inserted by Companies (Amendment) Act, 2020, s. 52, with effect from 11 February 2021(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;
Inserted by Companies (Amendment) Act, 2020, s. 52, with effect from 11 February 2021(b) all sales and purchase of goods by the Producer Company;
Inserted by Companies (Amendment) Act, 2020, s. 52, with effect from 11 February 2021(c) the instruments of liability executed by or on behalf of the Producer Company;
Inserted by Companies (Amendment) Act, 2020, s. 52, with effect from 11 February 2021(d) the assets and liabilities of the Producer Company;
Inserted by Companies (Amendment) Act, 2020, s. 52, with effect from 11 February 2021(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.
Inserted by Companies (Amendment) Act, 2020, s. 52, with effect from 11 February 2021(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.