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State of Madhya Pradesh - Section

Section 177 in The M.P. Krishi Upaj Mandi (Mandi Nidhi Lekha Tatha Rajya Vipnan Sewa Kl Gathan Kl Riti Tatha Anya Vishaya) Niyam, 1980

177. Preservation of records.

- The record of the Market Committee mentioned in column (1) of the table below shall be preserved for the period specified against each in column (2) in the table :Table
Record Period
(1) (2)
Budget 5 years
General Cash book Permanently
Establishment Bill 35 years
General Bills 3 years
Balance-Sheet 10 years
Ledger 10 years
Register of Deposits Permanently
Application Form Permanently
Returns of daily purchases and sales 1 year after audit
Receipts 3 years
Register of sale and purchase of Agricultural Produce 10 years
Register of licences 10 years
Provident Fund Register 10 years or till all accounts to which it relates are closed
Service Books of the Employees 5 years after settlement of all final claims
Register of proceedings of the Market Committee orsub-committee Permanently
Register of correspondence Permanently
Cheque Books 10 years
Pass Books 10 years
Travelling Allowance Bills 3 years
Lease Deeds Allowance Bills 10 years after the date they cease to have effect
Security Bonds 10 years from the date they cease to have effect
Treasury Challans 3 years
Imprest Account Register 3 years
Attendance Register 1 year
Movable Property Register 10 years
Library Register 10 years
Demand and Collection Register 10 years
Register of Stamps 3 years
Register of Court Cases 10 years
Stock Register 10 years
Investment Register Permanently
Files about the appointment, removal and dismissal ofemployees 35 years
Other records which the Market Committee may decide topreserve for more than 3 years Such period not less than 10 years as may be prescribed by theMarket Committee.
Notwithstanding anything contained in the above rule, all the record shall be preserved for the period up to which the audit objection, if any, has been finally settled.Chapter-XXI Repeal and Savings