What books of account is a company required to keep and what provisions regulate group accounts?

What books of account is a company required to keep and what provisions regulate group accounts?

ANSWER
Every company must keep certain books in the English language, namely:
• Assets and liabilities of the company.
• Sales and purchases of goods the company.
• Receipts and expenses the company.

If a company has subsidiaries, it must lay group accounts before a general meeting of the holding company.

The group accounts laid before the general meeting must comprise:
• A consolidated balance sheet of the company and the subsidiaries dealt with.
• A consolidated profit and loss account of the company and the subsidiaries.