Section 378ZE Books of account – Companies Act 2013

Section 378ZE of the Companies Act 2013 as amended by the Companies (Amendment) Act, 2020. Provisions and rules related to Books of account.

Amended and updated notes on section 378ZE of the Companies Act 2013 as amended by the Companies (Amendment) Act, 2020 and Company Rules made there under. Detail discussion on provisions and rules related to Books of account.

Chapter XXIA PART-VI (Section 378ZE to 378ZJ) of the Companies Act 2013 (CA 2013) deals with the provisions related to finance, accounts and audits. Section 378ZE of CA 2013 provides for Books of account.

Recently, we have discussed in detail section 378ZD (Transferability of shares and attendant rights) of CA 2013. Today, we learn the provisions of section 378ZE of the Companies Act 2013.

In exercise of the powers conferred by sub-section (2) of section 1 of the Companies (Amendment) Act, 2020 (29 of 2020), the Central Government appoints the 11th February, 2021 as the date on which the provisions of section 52 of the Companies (Amendment) Act, 2020 shall come into force.

Accordingly, the provisions of section 378ZE are effective from 11th February, 2021. You may refer Notification No. S.O. 644(E) dated 11-02-2021. In this article, you will learn detail of the provisions of section 378ZE the Companies Act 2013.

Name of ActThe Companies Act 2013
Enacted byParliament of India
Administered byMinistry of Corporate Affairs (MCA)
Number of Chapters29
Number of Sections484 (470-43+57)
Number of Schedules7
You are reading:
Chapter No.XXIA (PART-VI)
Chapter NameFinance, Accounts and Audits
Section No.378ZE
Section NameBooks of Account
Monthly Updated EditionCompany Law PDF

Section 378ZE: Books of account

Section 378ZE(1) of Companies Act

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.

Section 378ZE(2) of Companies Act

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.


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