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Section 14M: Accounts and audit

The Copyright Rules, 1958Central Rules · 1957

(1) Every copyright society shall maintain proper accounts of the fees and royalties collected in a financial year, payments made out of such collections to the owners of rights and other expenditure incurred for meeting administrative expenses and related matters with the approval of the owners of rights:

Provided that a copyright society shall not spend more than fifteen per cent of its collection towards its administrative expenses.

(2) Every copyright society shall get its accounts audited by a chartered accountant annually.

Where this provision sits

ActThe Copyright Rules, 1958
Section14M
Marginal noteAccounts and audit
JurisdictionCentral
StatusIn force as published by the source

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