Company law Section 378ZE-Books of account

(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.