Section 63Part 11 — Proceedings Under an Absolute Order for Bankruptcy
Omission to keep or produce proper books, when and how punishable
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If, at any time after an absolute order for bankruptcy has been made against a debtor, it appears to the Court that the debtor, having been engaged in any trading or other business, has not kept and produced proper books of account, papers or vouchers, by means of which the Trustee may be able to obtain a correct knowledge of the debtor’s affairs, it may, if it thinks fit, order the debtor to be imprisoned in some convenient prison for any period not exceeding one year unless good cause is shown to the Court why such books, papers and vouchers have not been kept and produced.
If the books of account in this section required to be kept and produced have not been kept, written or printed in the English language, they shall not be deemed to be proper books of account within the meaning of this section, unless, for good cause shown by the debtor, the Court otherwise determines.
For the purposes of this section a person shall be deemed not to have kept proper books of account if that person has not kept such books or accounts as are necessary to exhibit or explain that person’s transactions and financial position in that person’s trade or business including a book or books containing entries from day to day in sufficient detail of all cash received and cash paid, and, where the trade or business has involved dealings in goods, also accounts of all goods sold and purchased and statements of annual stocktaking.