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Union of India - Section

Section 20 in The Insurance Rules, 1939

20. Forms of accounts and statements

.-(1) The revenue account and balance-sheet of a provident society shall be prepared in accordance with Forms VII and VIII, respectively, and in their completion regard shall be had to the notes appended thereto.
(2)If it so desires a provident society may submit a profit and loss account in addition to a revenue account and balance-sheet.
(3)The statements required under clauses (a)(i) and (b) of sub-section (2) of section 80 of the Act shall be prepared in accordance with Forms IX and X, respectively.