Section 7: Conditions to be complied with by registered agencies

7. Conditions to be complied with by registered agencies .—(1) Every registered agency shall__ (a) maintain audited accounts in the manner laid down by the Registration Authority ; (b) at such time and in such manner as may be prescribed, submit its Annual Report and audited accounts to the Registration Authority and publish the same for general information ; (c) pay all moneys received by it into a separate account kept in its name at such bank or banks as may be approved by the Registration Authority; and (d) furnish to the Registration Authority such particulars with regard to accounts and other records as the Registration Authority may from time to time require. (2) The Registration Authority, or any officer duly authorized by it in this behalf, may at all reasonable times inspect the books of account and other records of the agency, the securities, cash and other properties held by the agency, and all documents relating thereto. 1Omitted by the Federal Laws (Revision and Declaration) Ordinance, 1981 (Act No. XXVII of 1981), s. 3 and Sch., II. 2Subs. by the Central Adaptation Laws Order, 1964 (P. O. No. 1), Art. 2 and Sch.

Effective date: 1961-01-01

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