Section 5 of DBHPS Act : Section 5: Accounts And Audit

DBHPS Act

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Explanation using Example

Imagine a non-profit organization called 'Dakshina Bharat Hindi Prachar Sabha' (DBHPS) which is dedicated to promoting the Hindi language in the southern states of India. According to Section 5 of The Dakshina Bharat Hindi Prachar Sabha Act, 1964:

  • Example 1: At the end of the financial year, the DBHPS must prepare a financial statement, including a balance sheet, in a format prescribed by the Central Government. This would involve listing all of its assets, liabilities, income, and expenses to provide a clear picture of its financial health.
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