Accounts and Audit.

General202521 sections5 chapters

Chapter IV FINANCE, ACCOUNTS, AUDIT AND ANNUAL REPORT

Statutory text

(1) The Commission shall maintain proper accounts and other relevant records and prepare an annual statement of accounts in consultation with the Accountant General in the Form as may be prescribed.
(2) The accounts of the Commission shall be audited by the Accountant General in each financial year and any expenditure incurred in connection with such audit shall be payable by the Commission to the Accountant General.
(3) The Accountant General and any person appointed by him in connection with the audit and accounts of the Commission under this Act shall have the same rights and privileges as the Accountant General generally has in connection with the audit of Government accounts and in particular, shall have the right to demand production of books and accounts, connected vouchers, other documents and papers and to inspect any office of the Commission.
(4) The accounts of the Commission as certified by the Accountant General or any other person appointed by him in this behalf, along with the audit report thereon shall be forwarded to the Government by the Commission in each financial year and the Government shall lay the report before the Legislative Assembly within a period of six months from the date of its receipt.

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