Section 36:
consolidated text (as at 2017, amended since). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.
36. Records to be kept
(1) A Foundation shall keep proper records of—
(a) all sums of money received, expended and distributed, specifying the purpose of any such receipt, expense and distribution;
F22A – 21 [Issue 9]
Foundations Act
(b) all sales and purchases made by the Foundation; and
(c) the assets and liabilities of the Foundation.
(2) A Foundation shall keep accounting records which shall—
(a) be sufficient to show and explain the transactions of the Foundation;
(b) disclose with reasonable accuracy, at any time, the financial position of the Foundation; and
(c) allow financial statements to be prepared.