section 42
Accounts
The Visakhapatnam Municipal Corporation Act, 1986Infrastructure198670 sections
Statutory text
Accounts.—
- (1) The Corporation shall cause to be maintained such books of account and other books in relation to the accounts of all the financial transactions of the Corporation as the Government may, by rule, prescribe.
- (2) The financial year of the Corporation shall be the year commencing from the 1st April of each calendar year and ending with the 31st March of the succeeding calendar year.
- (3) The Corporation shall, as soon as may be after the close of each financial year, cause to be prepared a financial statement (hereinafter referred to as "the annual accounts") including the receipts and expenditure and the profit and loss account for that year.
Study data processing for this section.
PDF: pending for this language.