Regulation 12
Duty to maintain accounting records
of Charities (Institutions of A Public Character) Regulations
Subsidiary LegislationIn forceProvision 14 of 23
Regulation 12
Amended byS 122/2019 wef 01/03/2019
Subregulation 1
Amended byS 122/2019 wef 01/03/2019
An institution of a public character shall maintain accounting records which shall contain entries showing —
(a)
all the donations received and disbursed;
(b)
details of all the income received and the expenses incurred; and (c)[Deleted by S 122/2019 wef 01/03/2019](d)the period during which the institution of a public character is approved to collect tax deductible donations.
Subregulation 2
[Deleted by S 122/2019 wef 01/03/2019]
Subregulation 3
An institution of a public character shall maintain every accounting record for a minimum period of 5 years from the end of the financial year to which the accounting entry relates.