Accounts and Records

Accounts and Records.-

1. (1) Every Planning Authority shall maintain proper accounts and other relevant records and prepare an annual statement of accounts including the balance sheet in such form as prescribed by the Government under the Rules.
2. (2) The accounts of every Planning Authority shall be subject to audit annually by the Finance (Audit) Department of the State or a chartered account empanelled by the Controller and Auditor General or such other authority as decided by the Government, and any expenditure incurred by it in connection with such audit shall be payable by the Planning Authority.
3. (3) The Finance (Audit) Department or a chartered account or any authority appointed by Government in connection with the audit of accounts of the Planning Authority shall have the same right, privilege and authority in connection with such audit asit has in connection with the Government accounts and in particular shall have the right to demand the production of books, accounts, connected vouchers and other documents and papers and to inspect the office of the Planning Authority.
4. (4) The accounts of every Planning Authority as certified by the auditor together with the audit report thereon shall be forwarded annually to the Government and the Board.