# Co-operative and Community Benefit Societies Act 2014, Section 75: Duty to keep books of account etc


(1) A registered society must ensure that proper books of account are kept with respect to its transactions and its assets and liabilities.
(2) The duty under subsection (1) includes a duty to ensure that there are kept such books as are necessary to—
(a) give a true and fair view of the state of the society's affairs, and
(b) explain its transactions.
(3) A registered society must establish and maintain a satisfactory system of control of its—
(a) books of account,
(b) cash holdings, and
(c) receipts and remittances.

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Source: https://www.legislation.gov.uk/ukpga/2014/14/section/75 (the official version)
Page: https://openlegislation.uk/co-operative-and-community-benefit-societies-act-2014/section-75
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.