Auctioneers and House Agents Act, 1967

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Keeping and preservation of accounts·

4.—(1) An auctioneer or house agent shall at all times keep properly written up such accounts as may be necessary to show all his dealings with, and particulars of and information regarding, moneys received or held by him for, or paid by him to or on behalf of, each client.

(2) An account kept by an auctioneer or house agent under this section shall be preserved for at least six years from either the date of the last entry therein or the date of the last dealing with a client's money which is required by this Act to be recorded therein, whichever is the later.