The annual accounts shall be audited at least once in every year by the auditors appointed by the Institution for this purpose.

Power to make rules

1. (1) The Government may, by notification in the Official Gazette, make rules for carrying out the provisions of this Act.
2. (2) All the rules made under this Act shall be laid, as soon as may be after they are so made, before the State Legislative Assembly, while it is in session, for a period of not less than ten days which may be comprised in one session or in two or more successive sessions and if before the expiry of the session in which it is so laid or the successive session aforesaid, the State Legislature agrees in making modification in any of such rules or agrees that any such rules should not be made, such rules shall thereafter have effect only in such modified form or be of no effect, as the case may be, so however, that any such modification or annulment shall be without prejudice to the validity of anything previously done under that.