Section 20 of The Rubber Act, 1947
Submission of returns and maintenance of accounts.
Subject to such exceptions as may be prescribed, every owner, every manufacturer, and every holder of a special licence issued under section 14 not being an owner or a manufacturer, shall--
- (a)submit to the Board, such returns at such times, in such form, and containing such particulars, as may be prescribed;
- (b)maintain true and correct accounts and other records pertaining to his estate or business, as the case may be, in such form as may be prescribed; 1[(c) permit any person authorized in this behalf by the Central Government or by the Board or any member of the Board authorized by the Chairman in writing or any officer of the Board to inspect the accounts and records referred to in clause (b)].
Summary
- Every owner of a rubber estate must submit returns to the Board and keep correct accounts.
- Every rubber manufacturer must also submit these returns and keep accurate records.
- People who hold a special licence to trade rubber under Section 14 must follow these same rules.
- These records and accounts must be shown to authorized inspectors when asked.
- Inspectors can be authorized by the Central Government, the Board, the Chairman, or be officers of the Board.
Practical examples
FAQ
1. Do ordinary shopkeepers who sell rubber bands need to submit these returns?
No, this requirement applies to owners of rubber estates, manufacturers, and people with a special licence to deal in rubber.
2. Who is allowed to look at my rubber business accounts?
Anyone authorized by the Central Government or the Board, a member authorized by the Chairman, or an officer of the Board can inspect them.
3. What kind of records do I need to keep?
You must maintain true and correct accounts and other records related to your estate or business.
Test yourself
1.Under Section 20 of The Rubber Act, 1947, how does the rule on maintaining accounts apply to people involved in rubber transactions?
2.Under Section 20 of The Rubber Act, 1947, who is granted the authority to inspect the business accounts of a rubber estate owner?
3.Under Section 20 of The Rubber Act, 1947, what specific duty is placed on rubber manufacturers regarding their records?
4.Under Section 20 of The Rubber Act, 1947, what happens if the Central Government wants to check a manufacturer's compliance?