Vidhi Codex

THE GUJARAT LOCAL FUND AUDIT ACT, 1963

The Gujarat Local Fund Audit Act, 1963

Finance196316 sections

This law requires local authorities in Gujarat to have their financial accounts audited by government-appointed auditors. It applies to all local bodies managing public funds like taxes and rates. The Act ensures transparency and accountability by mandating that these bodies submit their accounts for yearly or special audits. It gives auditors the power to request documents and question officials to verify the accuracy of the accounts, thereby protecting public money and ensuring proper financial management.

Start reading →Read full ActSections
  1. 0. Preamble
  2. 1. Short title, extent and commencement.
  3. 2. Definitions.
  4. 3. Liability of local authorities to submit their accounts for audit
  5. 4. Accounts to be submitted for audit at such period or periods as may be required.
  6. 5. Power of auditor to require production of documents and attendance of persons concerned ect.
  7. 6. Penalty for disobeying requisition under section 5.
  8. 7. Audit report to be sent to certain officers and bodies as State Government may direct.
  9. 8. Contents of audit report.
  10. 9. Local authority to remedy defects: Procedure to be followed after report of the
  11. 10. Commissioner to surcharge or charge illegal payment or loss caused by cross negligence or misconduct.
  12. 11. Recovery of surcharges and charges how made.
  13. 12. Application against order of surcharge or charge
  14. 13. Expenses in respect of requisitions of auditors to be parable out of local fund.
  15. 14. Rules.
  16. 15. Repeal and Savings.

PDF: pending for this language.