Thursday, September 3, 2020

Chapter 1. Keeping of Accounts Compulsory


 Chapter 1. Keeping of Accounts Compulsory


Art. 63. - Traders and Business Organisations.


1.    Any person or business organisation carrying on trade shall keep such books and accounts as are required in accordance with business practice and regulations, having regard to the nature and importance of the trade carried on.

2.    The provisions of Art. 66-70 of this Code shall apply.


Art. 64. - Petty traders.


    Petty traders may be exempted from keeping accounts on such conditions as may be prescribed.


Art. 65. - Special rules applicable to business organisations.


    Nothing in this Title shall affect the special provisions of Book II of this Code applicable to business organisations.

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