Audit of accounts of licensee not being local authority

Audit of accounts of licensee not being local authority.--Where the licensee is not a local authority, the following provisions as to the audit of accounts shall apply, namely :- (a) The annual statement of accounts of the undertaking shall, before being rendered under section 10 of the dammu and Kashmir Electricity Act, 1997 be examined and audited by such person as the Government may appoint or approve in this behalf, and the remuneration of the auditor shall be such as the Government may direct, and his remuneration and all expenses incurred by him in or about the execution of his duties, to such an amount as the Government shall approve, shall be paid by the licensee on demand. (b) The licensee shall afford to the auditor, his clerks and assistants, access to all such books and documents relating to the undertaking as are necessary for the purposes of the audit, and shall, when required, furnish to him and them all vouchers and information requisi for that purpose, and afford to him and them all facilities for the proper execution of his and their duty. (c) The audit shall be made and conducted in such manner as the Government may direct. (d) Any report made by the auditor, or such portion thereof as the Government may direct, shall be appended to the annual statement of accounts of the licensee, and shall thenceforth form part thereof. (e) Notwithstanding the foregoing provisions of this clause, the Government may, if it thinks fit, accept the examination and audit of an auditor appointed by the licensee.