section 12
Budget, accounts and audit
The Andhra Pradesh Higher Education Regulatory and Monitory Commission Act, 2019Education201916 sections
Statutory text
Budget, accounts and audit:
- (1) The Commission shall prepare, in such form and at such time in each financial year as may be prescribed, its budget for the next financial year, showing the estimated receipts and expenditure of the Commission and forward the same to the Government.
- (2) The Commission shall cause to be maintained such books of account and other books in relation to its accounts in such form and in such manner as may be prescribed.
- (3) The accounts of the Commission shall be audited by such authority as may be specified by the Government.
- (4) The Commission shall furnish to the Government, before such date as may be prescribed, its audited copy of accounts of the previous year along with the auditor's report thereon.
- (5) The Government shall cause the audit report to be laid before the State Legislature.
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