The Prize Competitions Act, 1955

Section 7Promoters of prize competitions to keep accounts and submit the same to the licensing authority

Section 7: Promoters of prize competitions to keep accounts and submit the same to the licensing authority

7. Promoters of prize competitions to keep accounts and submit the same to the licensing authority

Every person who promotes or conducts a prize competition in accordance with the provisions of this Act and the rules made thereunder shall keep accounts relating to such competition and submit to the licensing authority a statement of accounts in such form and at such intervals as may be prescribed.