Chapter IV FINANCE, ACCOUNTS AND AUDIT

1. (1) The Commission shall prepare every year before such date and in such form, as may be prescribed a budget estimate of its income and expenditure for the financial year to commence on the first day of April next following and shall forward it to the Government.
2. (2) The Government shall, after due appropriation made by the State Legislature by law in this behalf, pay to the Commission by way of grants, such sums of money as it may think fit for being utilised for the purpose of this Act.
3. (3) The Commission may spend such sums out of the grants as it thinks fit for performing the functions under this Act, and such sums shall be treated as expenditure payable out of the grants referred to in sub-section (2).

1. (1) Accounts of the income and expenditure of the Commission shall be kept in such form as may be prescribed.
2. (2) The Commission shall prepare an annual statement of accounts in such form as may be prescribed.
3. (3) The Accounts of the Commission shall be audited annually by such auditor as the Government may appoint in this behalf.
4. (4) The auditor shall for the purposes of the audit, have access to all the accounts and other records of the Commission.
5. (5) The Commission shall pay out of the grants such charges for the audit, as may be prescribed.
6. (6) As soon as may be, after the receipt of the report of the auditor, the Commission shall send a copy of the annual statement of accounts together with a copy of the report of the auditor to the Government and shall cause to be published the annual statement of account in such manner as may be prescribed.
7. (7) The Government may, after perusal of the report of the auditor give such directions, as it thinks fit, to the Commission and the Commission shall comply with such directions.

The Commission, shall prepare in such form and at such time for each financial year, as may be prescribed its annual report, giving a full account of its activities during the previous financial year and forward a copy thereof to the Government.

Annual report and audit report to be laid before the State Legislature The Government shall cause the annual report together with a memorandum of action taken on the recommendations contained therein, in so far as they relate to the Government, and the reasons for the non-acceptance, if any, of any of such recommendations to be laid, as soon as may be after the reports are received before each House of the State Legislature.