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Section 44: The following books and papers shall be maintained

Bye laws of LabourfedState Regulations of Punjab · 1961

(i) A register of members;

(ii) Cash book;

(iii) Ledger, account for each member, depositor, creditor, miscellaneous and contingent income and expenditure and purchase and sale of any goods etc.

(iv) Proceedings;

(v) Register of Shares;

(vi) A stock register;

(vii) Register of purchase and sale;

(viii) A passbook for each member and depositor;

(ix) Any other register prescribed by the Registrar or required by the Federation for its business.

EMPLOYEMENT OF FUNDS

45. The funds of the Federation may be devoted to the promotion of the stated objects of the Federation. The Federation may rent or build some offices and building as may be necessary to carry out its stated objects any may acquire, take or hire or lease, and for this purpose with the previous approval of the Registrar.

46. Any money to the credit of a member, past members and deceased members shall be subject to first charge in favour the Federation in respect of any money due to the Federation from such members or past members. The Federation shall be at liberty to set off the whole or any portion of the such paid up capital or depositor or any other money due to the members against any sum due from his to the Federation.

Distribution of Profits

Where this provision sits

ActBye laws of Labourfed
Section44
Marginal noteThe following books and papers shall be maintained
JurisdictionState of Punjab
StatusIn force as published by the source

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