Maintenance and audit of accounts

The grantee shall maintain a separate account in respect of the grant. The accounts shall remain open for inspection to the representative of the Department/Government including the Controller and Auditor General of India. At the end of the year, the organization shall get the accounts of the grants duly audited and supply copies of the following accounts in respect of the grants sanctioned:- (a) the Receipt and Payments Accounts; (b) the Income and Expenditure Accounts; (c) the Balance Sheet (d) utilization certificate; and (e) Consolidated accounts of the organization as a whole indicating receipt and payment and income and expenditure of all projects.