What books of account is a company required to keep and what provisions regulate group accounts?

Under Section 147(1) of the Act, every company must keep certain books in the English language, namely:
 Assets and liabilities of the company.
 Sales and purchases of goods the company.
 Receipts and expenses the company.

Under Section 150(1) of the Act, if a company has subsidiaries, it must lay group accounts before a general meeting of the holding company.

Under Section 151(1) of the Act, the group accounts laid before the general meeting must comprise:
 A consolidated balance sheet of the company and the subsidiaries dealt with.
 A consolidated profit and loss account of the company and the subsidiaries.

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