Section 7, Bills of Lading Act, 2025 [S2C-E9Q]
As at 7 September 2026. In force from 4 July 2025.
7. Maintenance of records and furnishing of returns.—(1) Every firm shall maintain such records and registers relating to the business of a firm as may be prescribed and shall preserve them for a period of five years. (2) Every firm shall furnish to the Registrar a return in Form B within fifteen days from the end of every financial year, and such other information as the Registrar may, by order in writing, require.
Defined terms in this text (3)
business: Section 2, Bills of Lading Act, 2025 [S2CE4D] (In this Act, unless the context otherwise requires,—): "business" includes every trade, occupation and profession
business: 13 more definitions.
firm: Section 2, Bills of Lading Act, 2025 [S2CE4D] (In this Act, unless the context otherwise requires,—): "firm" means a firm registered under section 4
firm: 12 more definitions.
Registrar: Section 2, Bills of Lading Act, 2025 [S2CE4D] (In this Act, unless the context otherwise requires,—): "Registrar" means the Registrar appointed under section 3
Registrar: 79 more definitions.
Made under this section, or naming it (0)
none
Cited by (2)
Section 2, Bills of Lading Act, 2025 [S2C-E4D], 4 July 2025, Band A. "section 7".
Section 43, Bills of Lading Act, 2025 [S2C-FDV], 4 July 2025, Band A. "section 7".
Not held (0)
none
Duties published under this section (1)
D12-86N. Every firm: Maintain records and registers of the business of a firm; preserve for five years; furnish the annual return in Form B; fifteen days from the end of every financial year; Form B. Published by Department for Promotion of Industry and Internal Trade, Ministry of Commerce and Industry (synthetic record).