Section 79 of The Waqf Act, 1995
The Board shall cause to be maintained such books of account and other books in relation to its accounts in such form and in such manner as may be provided by regulations.
Summary
- The Board is legally required to keep and maintain proper books of account.
- It must also maintain other books necessary to record its financial activities.
- The specific format and style of these accounts are determined by official regulations.
Practical examples
FAQ
1. Who decides the format of the Board's accounts under The Waqf Act, 1995 Section 79?
The format and manner of maintaining accounts under Section 79 of The Waqf Act, 1995 are provided by regulations.
2. Does the Board have to keep more than one type of book under Section 79 of The Waqf Act, 1995?
Yes, Section 79 of The Waqf Act, 1995 requires the Board to maintain books of account and other books related to its accounts.
3. Is Section 79 of The Waqf Act, 1995 about auditing?
No, Section 79 of The Waqf Act, 1995 focuses specifically on the maintenance of accounts, while other sections cover the audit process.
Test yourself
Q1.Under Section 79 of The Waqf Act, 1995, how is the form and manner of the accounts decided?
Q2.What is the main requirement of Section 79 of The Waqf Act, 1995?
Q3.According to Section 79 of The Waqf Act, 1995, the Board must maintain:
Q4.Which authority is mentioned as having their accounts maintained under Section 79 of The Waqf Act, 1995?