Amendment status not verified — confirm the current text below against the official source.
(1) Every association or federation, as the case may be, shall keep proper books of accounts and prepare a receipts and expenditure account and a balance-sheet at the end of every financial year and shall cause them to be audited within three months therefrom, by an auditor to be appointed by the association or federation, as the case may be, in the manner as may be prescribed. Accounts. (2) Every association or federation, as the case may be, shall within such period as may be prescribed, file with the competent authority— (i) an authenticated copy of such receipts and expenditure account, balance sheet and the auditor's report thereon; and (ii) a statement of the names, addresses and occupations of the members of the association or federation, as the case may be, during the relevant financial year. (3) The competent authority shall have the power to issue directions to the association or federation, from time to time, with reference to the accounts and the auditor's report, so filed and such direction shall be binding upon the association or federation, as the case may be.