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What is statutory record and examples?

What is statutory record and examples?

Examples of statutory records include: admission/withdrawal register, attendance register, scheme of work, time-table, school diary, log book, finance record books, continuous assessments records, etc. A school head must have accurate information to help him/her assess meaningfully the progress of the school.

What is the meaning of statutory record?

Types of School Records Statutory school records are those records that are mandatory or compulsory under the law to be kept by each school as such they are expected to be kept by all schools.

What are the statutory records of a company?

Statutory Register refers to specific records about a company’s shareholders, directors, and the meetings held. These records are in addition to the normal accounting records that companies are also meant to keep.

What are school statutory records?

School statutory records are those basic records kept by a school with detailed information or data collected on various aspects or activities of a school and specially preserved for future use. These records details and preserves the progress reports recorded by the school over time and across the board.

What are the contents of statutory meeting?

Contents of a Statutory Report

  • Shares allotted: The total number of shares allotted distinguishing those allotted as fully paid up, partly paid up, shares issued for consideration other than cash etc.
  • Cash received: The total amount of cash received by the company in respect of all the shares allotted.

How long do you have to keep statutory records?

In general, company records must be retained for around six years from the end of the accounting period. But some documentation needs to be kept for 10 years, including: The company’s statutory books (company registers need to be retained for the time the company is in business)

What records must a company keep?

Examples of records your company should keep

  • Financial statements.
  • General ledgers and journals.
  • Electronic copies of critical documents.
  • Cash records.
  • Bank statements and loan documents.
  • Sales and debtor records.
  • Invoices and statements received and paid.
  • Any unpaid invoices.

Which are the two types of school records?

8 Types of Educational Records Every School Must Maintain

  • (a) Attendance Registers:
  • (b) Teachers’ Attendance Register:
  • (c) Records of Time-tables:
  • (d) Examination Result’s Records:
  • (e) Teachers’ Log-book:
  • (f) Conduct Register:
  • (g) Punishment Register:
  • (h) Cumulative Records:

Please login or register to join the discussion. Traditionally statutory books meant such records as the minutes of directors’ meetings and shareholders’ meetings, share ownership registers, registers of the names and addresses of directors and company secretaries, and other records specifically required by statute.

What do you mean by statutory records HMRC?

Statutory records are records that the relevant tax laws require a person to keep. They are the records needed to enable a person to make a complete and accurate return, declaration or claim and HMRC to check it. The records deemed to be statutory records will depend on the tax regime and the size and nature of a business or a person’s tax affairs.

Are there any supplementary records that are not statutory records?

Records that are not statutory records, known as supplementary records, may be reasonably required under FA08/SCH36 to check a person’s tax position but a person may appeal against the taxpayer notice.

What do you mean by Federal Records Act?

Records are defined in various statutes, including the Federal Records Act and the Freedom of Information Act. The definition that follows is from the Federal Records Act that governs agencies’ records management responsibilities.