Section 193:

193. Accounting records to be kept (1) Subject to the other provisions of this section, the Board of a company shall cause accounting records to be kept that— (a) correctly record and explain the transactions of the company; [Issue 10] C35 – 120 Revised Laws of Mauritius (b) shall at any time enable the financial position of the company to be determined with reasonable accuracy; (c) shall enable the directors to prepare financial statements that comply with this Act; and (d) shall enable the financial statements of the company to be readily and properly audited. (2) The accounting records shall contain— (a) entries of money received and spent each day and the matters to which it relates; (b) a record of the assets and liabilities of the company; (c) where the company’s business involves dealing in goods— (i) a record of goods bought and sold, except goods sold for cash in the ordinary course of carrying on a retail business, that identifies both the goods and buyers and sellers and relevant invoices; (ii) a record of stock held at the end of its accounting period together with records of any stocktakings during that period; (d) where the company’s business involves providing services, a record of services provided and relevant invoices. (3)(a) The accounting records shall be kept in written form and in the English or French language. (b) Where the accounting records are not kept in the English or French language, the directors shall cause to be made a true translation in the English or French language of such accounting records at intervals of not more than 7 days and the translation shall be kept with the original accounting records for so long as the original accounting records are required to be retained under this Act.