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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Producer Companies must keep detailed accounts and prepare financial statements following Companies Act 2013 section 129</h1> A Producer Company must maintain proper books of account at its registered office covering all monetary receipts and expenditures and the related matters, all sales and purchases of goods, all instruments of liability executed by or on its behalf, and a complete record of its assets and liabilities. Where the company is engaged in production, processing, or manufacturing, it must also record particulars on the utilisation of materials, labour, and other cost items. The company's balance sheet and profit and loss account must, as far as practicable, be prepared in accordance with section 129 of the Companies Act, 2013.
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